Question
A company issues a ten year $1,000 value bond at par with a coupon rate of 6.1% paid semiannully. The Ytm at the beginning of
A company issues a ten year $1,000 value bond at par with a coupon rate of 6.1% paid semiannully. The Ytm at the beginning of the third year of the bond ( 8 years left to maturity) is 8.1 %. What is the new price of the bond?
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The Ultra High Net Worth Bankers Handbook
Authors: Heinrich Weber, Stephan Meier
1st Edition
1905641753, 978-1905641758
