Beta PLC's bond has a 10% coupan rate and a Rs.1000 face value. Interest is paid annually and the bond has 20 yeras to maturity. If investor require a 12% yeild, what is the bond valu today?
Beta PLC's bond has a 10% coupan rate and a Rs.1000 face value. Interest is paid annually and the bond has 20 yeras to maturity. If investor require a 12% yeild, what is the bond valu today?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Beta PLC's bond has a 10% coupan rate and a Rs.1000 face value. Interest is paid annually and the bond has 20 yeras to maturity. If investor require a 12% yeild, what is the bond valu today?
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