alue to you of a 5-year $1,000 face - value bond with an 12% coupon rate when your yield to maturity is 9%?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
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What is the value to you of a 5-year $1,000 face - value bond with an 12% coupon rate when your yield to maturity is 9%?

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