Question
A 6% coupon, 24-year annual bond has a yield to date maturity of 4.4%. Assuming the par value is $1,000 and the YTM does not
A 6% coupon, 24-year annual bond has a yield to date maturity of 4.4%. Assuming the par value is $1,000 and the YTM does not change over the next year, what will the price of the bond be today? What will the bond price be in one year? What is the capital gains yield for this bond?
Price to the nearest cent?
Price of the bond in one year to the nearest cent?
Capital gains yield to 4 decimal places?
Current yield to 4 decimal places?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
