Question
Assume that you just spent $875 on buying a bond with 25 years to maturity. This bond has $1000 face value and its coupon
Assume that you just spent $875 on buying a bond with 25 years to maturity. This bond has $1000 face value and its coupon rate is 8.50 percent. If the YTM of this bond remain stable over the entire 25-year period, how much would be this bond's price 10 years from now?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
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