A corporate bond ($1,000 face value) with a 9% coupon, paid semi-annually, is rated BB+. It is
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A corporate bond ($1,000 face value) with a 9% coupon, paid semi-annually, is rated BB+. It is currently trading on the secondary market at $1,025.
If you buy this bond, how much interest in $ will you receive on each coupon date?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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