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A perpetual bond pays a coupon of $25 per year. If in year 1 this bond sells for $200, what is its yield to maturity?
A perpetual bond pays a coupon of $25 per year.
If in year 1 this bond sells for $200, what is its yield to maturity?
If interest rates move to 20% next year, what will this bond sell for?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
