Question
A six-year zero coupon bond with a face value of $1,000 is trading at $815 on the market. A) What is the yield to maturity
A six-year zero coupon bond with a face value of $1,000 is trading at $815 on the market.
A) What is the yield to maturity of the bond?
B) What happens to the yield to maturity if the price of the bond rises to $850?
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Public Finance And Public Policy
Authors: Jonathan Gruber
6th Edition
1319105254, 9781319105259
