1) Provide the price to a semiannual bond that has a coupon rate of 12.5%, face value...
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Question:
1) Provide the price to a semiannual bond that has a coupon rate of 12.5%, face value of $1,000, YTM of 12%, and matures in 16 years. Provide the value as a positive number.
2) Given the information in question 1, what would the YTM be if all other variables were the same and the bond value were $1,100? Please provide your answer as a decimal.
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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