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A bond had a $1,000 par value, 8 years to maturity and a 6% annual coupon and sells for $930. A. what is its yield
A bond had a $1,000 par value, 8 years to maturity and a 6% annual coupon and sells for $930. A. what is its yield to maturity(ytm? round to two decimal places
B. assume that the yield to maturity remains constant for the next three years. what will the price be 3 years from today? do not round intermediate calculations. round your answer to the nearest cent.
2. Nesmith corporation outstanding bonds have a 1,000 par value, a 7% semiannual coupon, 15 years to maturity and an 11% ytm. what is the bond price? round your answer to the nearest cent
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