Question:Endicott Enterprises Inc. has twenty years remaining on Ghc 1,000
par value semiannual coupon bonds paying...
Question
Endicott Enterprises Inc. has twenty years remaining on Ghc 1,000
par value semiannual coupon bonds paying...
Endicott Enterprises Inc. has twenty years remaining on Ghc 1,000
par value semiannual coupon bonds paying a coupon of Ghc40. If the
yield to maturity on these bonds is 6% per year, what is the
current price?