Question
A 30-year, $1,000 par value bond has an 11.0% annual payment coupon. The bond currently sells for $1,100. If the yield to maturity remains at
A 30-year, $1,000 par value bond has an 11.0% annual payment coupon. The bond currently sells for $1,100. If the yield to maturity remains at its current rate, what will the price be 5 years from now? First find the YTM at this time, then use the YTM with the other data to find the bond's price 5 years later).
You are not required to show calculations. However to receive credit you must provide the inputs used (N, PMT, FV, I/Y, PV) to solve. If you utilize a template, you can copy and paste the section used in the submission.
$1,096.25 | ||
$1,100.00 | ||
$1,040.08 |
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