Question
An XYZ April 2047 bond with a 8.06 percent coupon interest rate and a par value of $1,000.00 recently had a price of 93.498. Calculate
An XYZ April 2047 bond with a 8.06 percent coupon interest rate and a par value of $1,000.00 recently had a price of 93.498.
Calculate the following:
a. When will the bond mature?
b.How much will you have to pay to purchase this bond?
c. What is the current yield based on the price that you calculate in part b?
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
