Question
A bond that matures in 6 years sells for $950. The bond has a face value of $1,000 and a 5.5% annual coupon. Its' yield
A bond that matures in 6 years sells for $950. The bond has a face value of $1,000 and a 5.5% annual coupon. Its' yield to maturity is 6.53%. Assume that the yield to maturity remains constant for the next two years. What will be the price of the bond two years from today?
Break this down. How do I input this in finance calculator?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
