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A General Motors bond carries a coupon rate of 8%, has 9 years until maturity, and sells at a yield to maturity of 7%. Face
A General Motors bond carries a coupon rate of 8%, has 9 years until maturity, and sells at a yield to maturity of 7%. Face Value = $1000
a. What interest payments do bondholders receive each year?
b. At what price does the bond sell? (Assume annual interest payments) c. what will happen to the bond price if the yield to maturity falls to 6%?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
6th Edition
1599180219, 978-0139043437
