Exam (elaborations)
Exam (elaborations) SCIENCE AND TECHNOLOGY487
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(a) Suppose NUST Ltd issued at par bonds with a10- year maturity, a $1 000 par value, a 10% coupon rate and semi-annual interest payments. Two years after the bonds were issued, the interest rate on similar risk bonds fell to 6%. At what price should the bonds sell? [5] (b) i. Ndlovu Brothers i...
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