A bond has an 4% coupon rate and a $1,000 face value. Coupon is semi-annually and the
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- A bond has an 4% coupon rate and a $1,000 face value. Coupon is semi-annually and the bond has 25 years to maturity. If investors require a 3.6% yield, what is the bond's value?
Related Book For
Intermediate Financial Management
ISBN: 978-1111530266
11th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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