Question
5 years ago, you purchased a corporate bond for R975.30. At the time, the bond had a YTM of 9.25% and 8 years left to
5 years ago, you purchased a corporate bond for R975.30. At the time, the bond had a YTM of 9.25% and 8 years left to maturity. Today, the YTM on your bond is 8%. With this information, can you calculate the current market price of your bond? Assume fixed annual coupon payments and a par value of R1,000 A. R 1000 B. R 1061.20 C. R 1161.20 D. R 1020.61
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
