Question
A bond has a $1,000 face value, 12 years to maturity, and 8 percent coupon rate with coupons paid annually. The bond is selling today
A bond has a $1,000 face value, 12 years to maturity, and 8 percent coupon rate with coupons paid annually. The bond is selling today for $980. If the yield to maturity of the bond remains constant for the next three years, what will the price of the bond be 3 years from today?
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
