Question
A bond was issued three years ago at a price of $1,052 with a maturity of six years, a yield-to-maturity (YTM) of 6.75% compounded semi-annually,
A bond was issued three years ago at a price of $1,052 with a maturity of six years, a yield-to-maturity (YTM) of 6.75% 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 8.00% compounded semi-annually?
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AI In The Financial Markets
Authors: Federico Cecconi
1st Edition
3031265173, 978-3031265174
