Question
A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. What is its yield to
A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980.
What is its yield to maturity (YTM)? Round your answer to two decimal places.
Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today?
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The Value Investor's Handbook
Authors: Andrew P.C.
1st Edition
1098810449, 978-1098810443
