Question
A 15-year, $1,000 par value bond has a 6.5% annual payment coupon. The bond currently sells for $903.50. If the yield to maturity remains at
A 15-year, $1,000 par value bond has a 6.5% annual payment coupon. The bond currently sells for $903.50. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
a. $ 898.67 b. $ 911.98 c. $ 924.84 d. $ 964.88 e. $1,000.00
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Sustainable Finance And Impact Investing
Authors: Alan S. Gutterman
1st Edition
1637423764, 978-1637423769
