Question
A) Moses Inc's outstanding bonds have a $1000 par value , and a maturity of 5 years. Their yield to maturity is 8%, based on
A) Moses Inc's outstanding bonds have a $1000 par value , and a maturity of 5 years. Their yield to maturity is 8%, based on semi-annual compounding, and the current market price is $900. What is the bond's annual coupon interest rate?
B) what would be the bond's annual coupon rate if their yield to maturity was increased to 9% and the market price decreased to $853.61?
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Uncover Lucrative Real Estate Opportunities And Leverage Off Market Deals
Authors: Benjamins K. Thompson
1st Edition
979-8867850722
