Question
A bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 4% with interest paid semi-annually.
A bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 4% with interest paid semi-annually. If the current market price is $900, what will be the approximate capital gain yield of this bond over the next year if its yield to maturity remains unchanged?
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
10th Edition
0128150750, 978-0128150757
