Question
A bond has a $1,000 par value, 12 years to maturity, and a 8% annual coupon and sells for $980. a.What is its yield to
A bond has a $1,000 par value, 12 years to maturity, and a 8% annual coupon and sells for $980.
a.What is its yield to maturity (YTM)? Round your answer to two decimal places.
%
b.Assume that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today? Round your answer to the nearest cent.
$
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States And The Reemergence Of Global Finance
Authors: Eric Helleiner
1st Edition
0801428599, 978-0801428593
