Question
A bond was issued three years ago at a price of $1,042 with a maturity of six years, a yield-to-maturity (YTM) of 5.50% compounded semi-annually,
A bond was issued three years ago at a price of $1,042 with a maturity of six years, a yield-to-maturity (YTM) of 5.50% 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 6.75% compounded semi-annually?
Question 24 options:
|
| $964 |
|
| $989 |
|
| $1,014 |
|
| $1,038 |
|
| $1,063 |
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International Trade Finance
Authors: Indian Institute Of Banking & Finance
1st Edition
9386394723, 978-9386394729
