Question
A bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8.30% with interest paid annually.
A bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8.30% with interest paid annually. If the current market price is $830, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
