Question
11. A 20-year semi-annual coupon bond (face value=1000) was issued 8 years ago at $919.77. Since then the bonds yield to maturity (i.e., discount rate)
11. A 20-year semi-annual coupon bond (face value=1000) was issued 8 years ago at $919.77. Since then the bonds yield to maturity (i.e., discount rate) has decreased from 11% to 9%. What is the price of the bond now?
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
