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QUESTION
Imagine a 12-year bond issued by Etisalat Company. It has a face value of $1,500 and a fixed coupon payment of $100. i. What is the interest rate on this bond? _________
Imagine a 12-year bond issued by Etisalat Company. It has a face value of $1,500 and a fixed coupon payment of $100.
i. What is the interest rate on this bond? _________
ii. Now the market interest rate moves to 5%. Is Etisalat bond attractive or unattractive, and why?
iii. Average money holding will ---------------------?
