You are an active trader in the bond market. You are evaluating all of the bonds issued
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Question:
You are an active trader in the bond market. You are evaluating all of the bonds issued by Spice Trading, Inc. One bond has a face value of $1,000 and 71% annual rate coupons, that are paid twice a year. This particular bond was issued as a 15-year bond, one year ago of the current YTM for bonds like this is 5.4%,
what is the current price (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Current bond price
Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date: