Even though most corporate bonds in the United States make coupon
Question: Even though most corporate bonds in the United Sta…
|Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 20 years to maturity, and a coupon rate of 6.6 percent paid annually.|
|If the yield to maturity is 7.7 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)|
|What is the Price? _________€|
Trackbacks and pingbacks
No trackback or pingback available for this article.