Question
A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. What is its yield to
A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985.
What is its yield to maturity (YTM)? Round your answer to two decimal places. ((7.22 %)) correct ** Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent ????
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
7th Edition
0324171730, 978-0324171730
