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.

January 4, 2018 | Author: deanjhonson | Category: Government & Politics

Embed

Donate

Report this link

Description

General mills has a $1000 par value, 29-year bond outstanding with an annual coupon rate of 7.88% per year, paid semiann...

Comments

SUPPORT DOCURI

We need your help!

Thank you for interesting in our services. We are a non-profit group that run this website to share documents. We need your help to maintenance this website.

Donate
Sharing

To keep our site running, we need your help to cover our server cost (about $400/m), a small donation will help us a lot.

No, thanks! Close the box.