A3. (Bond valuation) General Electric made a coupon payment yesterday on its 6.75% bonds that mature in 8.5 years
A3. General Electric
Corporate Financial Management, Third Edition –
Chapter 5 A3- General Electric solutions in excel
LEVEL A (BASIC)
A3. (Bond valuation) General Electric made a coupon payment yesterday on its 6.75% bonds that mature in 8.5 years. If the required return on these bonds is 8% APR, what should be the market price of these bonds?