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A 9.98% coupon, 14.0 -year annual bond has a yield to maturity of 7.57%. Assuming the par value is 1,000 and the YTM does
A 9.98% coupon, 14.0 -year annual bond has a yield to maturity of 7.57%. Assuming the par value is 1,000 and the YTM does not change over the next year, Compute the following: A. Price of the bond today: B. Price of the bond in one year: C. Capital gains yield (please answer as a percentage with 2 decimal places): D. Current Yield (please answer as a percentage with 2 decimal places):
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
