A bond with 8 years to maturity and a coupon rate of 6% has a par, or face, value of $21,000. Interest is paid annua
Posted: Wed Mar 30, 2022 3:38 pm
A bond with 8 years to maturity and a coupon rate of 6% has a
par, or face, value of $21,000. Interest is paid annually. If you
require a return of 16% on this bond, what is the price of the
bond?
par, or face, value of $21,000. Interest is paid annually. If you
require a return of 16% on this bond, what is the price of the
bond?