Question
A 25 year bond was issued 10 years ago. It has $1,000 par value bond has an 8.5% annual payment coupon. The bond currently
A 25 year bond was issued 10 years ago. It has $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $825. If the yield to maturity remains at its current rate, what will the price be 5 years from now? $825.00 $842.55 $818.83 $815.08 $835.17 $856.82 Page 13 of 14
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
