Calculate the price of commonwealth bonds, Financial Management

Calculate the Price of Commonwealth bonds

Commonwealth Company has a 10% coupon bond with a par value of $1000, The current yield to maturity on new bonds is 8%. If interest is paid annually and the bond matures in 5 years, what is the price of Commonwealth bonds?

Posted Date: 2/28/2013 4:58:57 AM | Location : United States







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