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  • August 28, 2010 at 9:37 pm #63
    Helen
    Member

    value of defaultable bond

    August 28, 2010 at 9:37 pm #443
    Anonymous
    Guest

    Hello,

    On page 264 (exam III), why has the author used coupon payment of c=$2.25 ? shouldn’t it be 4.5 as the payment is annual? (refer to previous page 263).

    Thanks

    August 29, 2010 at 10:11 am #444
    Anonymous
    Guest

    HH,

    Appears to me to be a typo. On the very next page (266, table III.B.4.5) the coupon is back to 4.5

    Mukul

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