Question
A 25-year, $1,000 par value bond has an 7.5% annual coupon. The bond currently sells for $825. If the yield to maturity remains at its
A 25-year, $1,000 par value bond has an 7.5% annual 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?
| $836.85 | ||
| $860.83 | ||
| $882.90 | ||
| $904.97 | ||
| $927.60 |
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Analysis For Financial Management
Authors: Robert Higgins
6th Edition
0071181172, 9780071181174
