Description of this paper

Assume Microsoft issued 15-year bonds one year ago...

Description

Solution


Question

Assume Microsoft issued 15-year bonds one year ago at a coupon rate of 6.1% with semiannual payments. If the required rate in the market (the YTM) is 5.3%, what is the price that the bond should be sold for?

 

Paper#7034 | Written in 18-Jul-2015

Price : $25
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