Question
A bond was issued three years ago at a price of $1,036 with a maturity of six years, a yield-to-maturity (YTM) of 4.75% compounded semi-annually,
A bond was issued three years ago at a price of $1,036 with a maturity of six years, a yield-to-maturity (YTM) of 4.75% compounded semi-annually, and a face value of $1,000 with semi-annualy coupons. What is the price of this bond today immediately after the receipt of today's coupon if the YTM has risen to 6.00% compounded semi-annually
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Handbook Of Alternative Assets
Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
