Question
1) What do you know about the yield to maturity for a $1000 par value bond selling for $1,120 that matures in 6 years and
1) What do you know about the yield to maturity for a $1000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually? 2) What is the current price of a $1000 par value bond maturing in 9 years with a coupon rate of 8 percent, paid annually, that has a YTM (interest rate) of 9 percent?) Is this a discount or premium bond? Why?
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
012812282X, 978-0128122822
