Question
A company issues a ten-year bond at par with a coupon rate of 77% 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 77% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.4%.
What is the new price of the bond?
A.
$1,287
B.
$1,104
C.
$920
D.
$1,000
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Liquidity Risk Management In Banks Economic And Regulatory Issues
Authors: Roberto Ruozi, Pierpaolo Ferrari
1st Edition
3642295800, 978-3642295805
