Edison Inc has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The stated coupon rate f
Posted: Mon Nov 15, 2021 5:16 pm
Edison Inc has a bond outstanding with a face value of $1,000
that
reaches maturity in 8 years. The stated coupon rate for this bond
is
9% and the coupon payments are made semiannually. Assuming
the
YTM on the Edison’s bond is 12%, what is the price of this bond?
and
what type of bond is this?
that
reaches maturity in 8 years. The stated coupon rate for this bond
is
9% and the coupon payments are made semiannually. Assuming
the
YTM on the Edison’s bond is 12%, what is the price of this bond?
and
what type of bond is this?