Question
A 30-year bond with a 7.50% semiannual coupon was sold at par 10 years ago.Now the bond has a required return (or YTM) of 8.25%.Calculate
A 30-year bond with a 7.50% semiannual coupon was sold at par 10 years ago.Now the bond has a required return (or YTM) of 8.25%.Calculate the bonds market price.
$917.13
$1,000.00
$1,089.02
$927.14
$1,655.76
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
