Question
A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon rate and is now selling for $983. Yield is
A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon rate and is now selling for $983. Yield is 8.20%
Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today?
Show me how to solve this on Excel using price function.
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
