You own a $100,000 face value Exxonmobil bond with a 7.00% coupon with semiannual coupons, that matures in 20 years. What is the price of the bond if the yield to maturity is 5%.
You own a $100,000 face value Exxonmobil bond with a 7.00% coupon with semiannual coupons, that matures in 20 years. What is the price of the bond if the yield to maturity is 5%.
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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You own a $100,000 face value Exxonmobil bond with a 7.00% coupon with semiannual coupons, that matures in 20 years. What is the price of the bond if the yield to maturity is 5%.
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