Question
An investor owns a bond with $100 par value with a 9% coupon rate that pays interest semi-annually and matures in 3 years. The yield
An investor owns a bond with $100 par value with a 9% coupon rate that pays interest semi-annually and matures in 3 years. The yield to maturity is 11%. What is the price of the bond? What if the yield to maturity is 7%?
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
