Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Company RS’s bonds outstanding have a coupon rate of 6% and semiannual payments. If the YTM
on this bond is 7.9%, and considering that the face value of each bond is $10,000, calculate the
price of these bonds if the maturity will happen exactly 26 years from now.
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