Question
A 7-year bond with a par value of $1,000 has a 12.1 percent annual coupon. The bond currently sells for $888. If the bonds yield
A 7-year bond with a par value of $1,000 has a 12.1 percent annual coupon. The bond currently sells for $888. If the bonds yield to maturity remains at its current rate, what will be the price of the bond 4 years from now?
$938.72
$928.72
$948.72
$958.72
$968.72
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
