Question
A $100,000 - 20 year bond has a coupon rate of 6.5% semi annually. Yesterday it was rated triple B with a market rate of
A $100,000 - 20 year bond has a coupon rate of 6.5% semi annually. Yesterday it was rated triple B with a market rate of 7.15%. Today it was upgraded to single A with a market rate of 6.4%. A. What was yesterdays bond price? B. What is todays bond price?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
