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1. XJ Chemical Co. has 7 % coupon bonds (par-31 ,000) on the market with 15 years to maturity. The bonds make semiannual payments and
1. XJ Chemical Co. has 7 % coupon bonds (par-31 ,000) on the market with 15 years to maturity. The bonds make semiannual payments and the yield to maturity (YTM) is 8 %. What is the current price of the bond? What is the current yield on XJ's bonds? If you expect the YTM to remain unchanged, what is the expected price of the bond next year
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