Question
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%. a. What is the bonds
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%.
a. What is the bonds yield to maturity if the bond is selling for $1,060? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
b. What is the bonds yield to maturity if the bond is selling for $1,000? (Do not round intermediate calculations.)
c. What is the bonds yield to maturity if the bond is selling for $1,260? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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Handbook Of Income Distribution Volume 2B
Authors: Anthony B. Atkinson, Francois Bourguignon
1st Edition
0444594299, 978-0444594297
