Calculate the current price of a $2,000 par value bond that has a coupon rate of 6
Fantastic news! We've Found the answer you've been seeking!
Question:
Calculate the current price of a $2,000 par value bond that has a coupon rate of 6 percent, pays coupon interest annually, has 1 years remaining to maturity, and has a current yield to maturity (discount rate) of 12 percent.
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date: