Suppose ABC issues a bond today with a $10,000 face value and a coupon rate of 10%. If the bond has a life of 10 years, makes coupon payment semi-annually and has a yield to maturity of 12%, what will the bond sell for today?
Suppose ABC issues a bond today with a $10,000 face value and a coupon rate of 10%. If the bond has a life of 10 years, makes coupon payment semi-annually and has a yield to maturity of 12%, what will the bond sell for today?
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