Question
A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. A . What is the
A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985.
A . What is the YTM ?
Hint: See example on page 228
B. Assume that the yield to maturity remains constant for the next 7 years. What will the price be 7 years from today?
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The Preppers Financial Guide
Authors: Jim Cobb
1st Edition
1612434037, 978-1612434032
