Question
A 20-year, $1,000 par value bond has a 6.5% annual payment coupon. The bond currently sells for $950. If the yield to maturity remains at
A 20-year, $1,000 par value bond has a 6.5% annual payment coupon. The bond currently sells for $950. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
| $884.19 | ||
| $906.86 | ||
| $930.11 | ||
| $957.03 | ||
| $977.20 |
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Financial Management For Nonprofit Organizations Policies And Practices
Authors: Jo Ann Hankin, John Zietlow, Alan Seidner, Tim O'Brien
3rd Edition
1119382564, 9781119382560
