Question
A bond with exactly 15 years until maturity paid its semiannual coupon yesterday.The annual coupon rate is 6.12% and the bond price today is $1,116
A bond with exactly 15 years until maturity paid its semiannual coupon yesterday.The annual coupon rate is 6.12% and the bond price today is $1,116 .Suppose that the yield-to-maturity remains constant.Immediately after receiving the coupon in 6 months find the capital gain or loss that the bond will generate
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
