Question

A bond with face value of Rs.5000
matures in 12 years. The nominal rate of
interest of bond is 12% per annum paid
annually. What should be the price of
bond so as to yield an effective rate of
return equal to 10%?
PLEASE GIVE STEP WISE SOLUTION​

Answer 1

Answer:

A company just issued a 15-year bond that has a face value of $1,000 and a coupon rate of 10%. Similar bonds are priced at 95% of par ... · इस पेज का अनुवाद करें