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johnpaech johnpaech
wrote...
Posts: 1098
Rep: 7 0
6 years ago
Assuming the appropriate YTM on the Sisyphean bond is 7.5%, then the price that this bond trades for will be closest to:
A) $1045
B) $691
C) $1000
D) $957
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 184 times
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Replies
wrote...
6 years ago
A
Explanation:  A) FV = 1000
I = 3.75 (7.5/2)
PMT = 40 (80/2)
N = 30 (15 × 2)
Compute PV = 1044.57
johnpaech Author
wrote...
5 years ago
Thanks for helping with my corporate finance course
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