General mills has a $1000 par value, 29-year bond outstanding with an annual coupon rate of 7.88% per year, paid semiannually. Market interest rates on similar bonds are 11.94%. Calculate the bond's price today.
Published on January 2018 | Categories: Government & Politics | Downloads: 76 | Comments: 0 | Views: 256
General mills has a $1000 par value, 29-year bond outstanding with an annual coupon rate of 7.88% per year, paid semiannually. Market interest rates on similar bonds are 11.94%. Calculate the bond's price today.
Comments
Content
General mills has a $1000 par value, 29-year bond outstanding with an annual coupon rate of 7.88% per year, paid semiannually. Market interest rates on similar bonds are 11.94%. Calculate the bond's price today.