Question
A 20-year, $1,000 par value bond has an 7.5% annual payment coupon. The bond currently sells for $775. If the yield to maturity remains at
A 20-year, $1,000 par value bond has an 7.5% annual payment coupon. The bond currently sells for $775. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
