Question
A 20-year, $1,000 par value bond has a 10% annual coupon. The bond currently sells for $875. If the yield to maturity remains at its
A 20-year, $1,000 par value bond has a 10% annual coupon. The bond currently sells for $875. If the yield to maturity remains at its current rate, what will the price be 10 years from now?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
