Question
a company issues a 10 year bond on par with a coupon rate of 6.5% paid semi annually. The YTM at the beggining of the
a company issues a 10 year bond on par with a coupon rate of 6.5% paid semi annually. The YTM at the beggining of the third year of the bond is 8.4% ( 8 YEARS LEFT TILL MATURITY). What is the new price of the bond?
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Volatility Trading
Authors: Euan Sinclair
2nd Edition
1118347137, 9781118347133
