Question
A bond has a $1,000 par value, 20 years to maturity, and a 7% annual coupon and sells for $970. Assume the yield to maturity
A bond has a $1,000 par value, 20 years to maturity, and a 7% annual coupon and sells for $970. Assume the yield to maturity (YTM) remains constant for the next five years. What will the price of the bond be five years from today?
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Bitcoin Cash What You Need To Know About Bch
Authors: Alexander O. M.
1st Edition
1976721229, 978-1976721229
