A $10,000 Nova Chemicals Corp bond carrying an 8 coupon is currently priced to yield 7 compounded semiannually until maturity If the bond price abruptly falls by $250, what is the change in the yield to maturity if the bond has a 2 years remaining to maturity b 12years remaining to maturity ...

a Initially FV 10000 n 22 4 and b FV 400 If the bond price abruptly ...

A $10,000 Nova Chemicals Corp. bond carrying an 8% coupon is currently priced to yield 7% compounded

Question:

A $10,000 Nova Chemicals Corp. bond carrying an 8% is currently priced to yield 7% compounded semiannually until If the bond price abruptly falls by $250, what is the change in the yield to if the bond has:
a. 2 years remaining to 12years remaining to Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...