Question
A thirty-year, $1,000 par bond with a 7% coupon rate and semiannual coupons is trading for $910.What is the bond's yield to maturity (expressed as
A thirty-year, $1,000 par bond with a 7% coupon rate and semiannual coupons is trading for $910.What is the bond's yield to maturity (expressed as an APR% with semiannual compounding)? If the bond's yield to maturity changes to 3.9% APR, what will the bond's price change to?
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
