A bond that matures in 10 years has a $1000 par value. the annual coupon interest rate
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A bond that matures in 10 years has a $1000 par value. the annual coupon interest rate is 8% and the markets required yield to maturity on a comparable risk-bond is 12%. what would be the value of this bond if it paid interest annually? what would be the vale of this bond if it paid interest semi-annually?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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