A bond has an annual coupon of 7.3%, a term to maturity of 18 years, a par value of $1,000. Yields or comparable market rates for this bond are 4.8%. Based on this information: What is the value or price of the bond?
ANSWER IN THE IMAGE. FEEL FREE TO ASK ANY DOUBTS. THUMBS UP PLEASE.
Get Answers For Free
Most questions answered within 1 hours.