Question
A company issues a ten-year bond at par with a coupon rate of 6.8% 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 6.8% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7.7%. What is the new price of the bond?
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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
