The company PJ Manufacturing has a bond in circulation which has 1000$ nominal value and coupon 6%.
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Question:
The company PJ Manufacturing has a bond in circulation which has 1000$ nominal value and coupon 6%. The bond has a remaining life 10 years, it pays coupons every six months and has a 6.8% yield to maturity. What percentage of the current price of the bond is the present value of the nominal value of the bond?
Expert Answer:
The bond has a nominal value of 1000 It pays coupons semiannually at a rate of 6 per year which i... View the full answer
Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date:
