Question
A 10-year, $1,000 par value bond has a 9.25% coupon interest rate. Coupon payments are paid semi-annually. The bond currently sells for $1,095. If the
A 10-year, $1,000 par value bond has a 9.25% coupon interest rate. Coupon payments are paid semi-annually. The bond currently sells for $1,095. If the yield to maturity remains at its current rate, what will the price be 4 years from now?
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
