What is the price of the bond-ricks roofing


Problem:

Ricks Roofing Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6%, based on semiannual compounding.

What is the price of this bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the price of the bond-ricks roofing
Reference No:- TGS02055802

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)