Question
A 15 year, $1,000 par value bond has an annual coupon of 6.3%. The bond currently sells for $901. If the yield to maturity remains
A 15 year, $1,000 par value bond has an annual coupon of 6.3%. The bond currently sells for $901. If the yield to maturity remains at its current rate, what would be the bond price 3 years from now?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
