Below is the following information relating to the bond issued by Legal and General Finance Plc from
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Question:
Below is the following information relating to the bond issued by Legal and General Finance Plc from London Stock Exchange.
1. Express the market price of the bond along with other relevant information that you recorded above in terms of the relevant polynomial equation.
2. Calculate the market value of the bond using the above information and assuming the yield to maturity (YTM) of 5%.
Related Book For
Financial Accounting Theory and Analysis Text and Cases
ISBN: 978-1118582794
11th edition
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
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