Question
An 8.5% coupon $1,000 par value pays an annual coupon and will mature in 3 years. what should be the bond price and yield to
An 8.5% coupon $1,000 par value pays an annual coupon and will mature in 3 years. what should be the bond price and yield to maturity on the bond?
| Maturity (years) | Price of bond ($) |
| 1 | 943.40 |
| 2 | 898.47 |
| 3 | 847.62 |
| 4 | 792.16 |
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
