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ABC corporation's outstanding bonds have a $1000 par value, with 30 years to maturity. The bonds pay coupon interest annually, and their yield to maturity
ABC corporation's outstanding bonds have a $1000 par value, with 30 years to maturity. The bonds pay coupon interest annually, and their yield to maturity (YTM) is 6.80%. The bond currently sells for $880. Calculate the price of the bond 9 years from now, assuming the YTM is constant over time. State whether it is a discount or premium bond? The price of the bond 9 years from now will be $ BLANK Write (1) for Discount Bond, and (2) for Premium Bond: Blank 2.
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