Question
A 15-year, $1,000 par value bond has a 7% annual coupon.The bond currently sells for $925.If the yield to maturity remains at its current rate,
A 15-year, $1,000 par value bond has a 7% annual coupon.The bond currently sells for $925.If the yield to maturity remains at its current rate, what will the price be4 years from now?
Work has to be shown and done in excel
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
