What is the price of a $1,000 par value, semi - annual coupon bond with 18 years to maturity, a coupon rate of 10.47% and a vield - to - maturity of 6.67%?
What is the price of a $1,000 par value, semi - annual coupon bond with 18 years to maturity, a coupon rate of 10.47% and a vield - to - maturity of 6.67%?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
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What is the price of a $1,000 par value, semi - annual coupon bond with 18 years to maturity, a coupon rate of 10.47%
and a vield - to - maturity of 6.67%?
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