Question

Buner Corp.’s outstanding bond has the following characteristics:
Years to maturity .......... 6.0
Coupon rate of interest ......... 8.0%
Face value .............. $1,000
If investors require a rate of return equal to 12 percent on similar risk bonds and interest is paid semiannually, what should be the market price of Buner’s bond?



$1.99
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  • CreatedNovember 24, 2014
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