Question
A bond was issued 5 years ago at par with a maturity of 10 years, a yield-to-maturity (YTM) of 8.00% compounded semi-annually, and semi-annual coupons.What
A bond was issued 5 years ago at par with a maturity of 10 years, a yield-to-maturity (YTM) of 8.00% compounded semi-annually, and semi-annual coupons.What is the price of this bond today immediately after the receipt of today's coupon if the YTM has fallen to 7.00% compounded semi-annually?
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
