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A company issues a ten-year bond at par with a coupon rate of 6% paid semi-annually. The YTM at the beginning of the third year
A company issues a ten-year bond at par with a coupon rate of 6% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7.8%. What is the new price of the bond? Question 5 options: A) $894.35 B) $569.65 C) $722.06 D) $1,000.00
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Your Money The Missing Manual
Authors: J.D. Roth
1st Edition
0596809409, 978-0596809409
