First choice Ltd issues a 20-year semi-annual coupon bond with a face value of $1000 and a coupon rate of 8.5%. If the c
Posted: Wed Apr 06, 2022 9:09 am
First choice Ltd issues a 20-year semi-annual coupon bond with a
face value of $1000 and a coupon rate of 8.5%. If the current
market rate is 7% (compounded semi-annually), what is the current
price of the bonds?
face value of $1000 and a coupon rate of 8.5%. If the current
market rate is 7% (compounded semi-annually), what is the current
price of the bonds?