Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
A bond has the following terms:
Principal amount $1,000
Semi-annual interest $45
Maturity 15 years
a. What is the
b. What would be the price if comparable debt yields 11% and the bond matures after ten years?
c. What are the current yields and yields in a. and b.?
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