A bond with face value of 20000 and 20 years to maturity


A bond with face value of $20,000 and 20 years to maturity. The coupon rate is 5% and interest rate is 7%.

What is the price of the bond and the EAR of return?

Solution Preview :

Prepared by a verified Expert
Business Management: A bond with face value of 20000 and 20 years to maturity
Reference No:- TGS02861894

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)