Question
Banyan Tree Corporation has bonds on the market with 30 years to maturity, a YTM of 9%, a face value of $1,000 and a current
Banyan Tree Corporation has bonds on the market with 30 years to maturity, a YTM of 9%, a face value of $1,000 and a current price of $896.58. The bonds make quarterly payments. 3 years later, the YTM becomes 10.5%, what is the value of the bond and the current yield at that time?
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Handbook Of Energy Finance Theories Practices And Simulations
Authors: Stéphane Goutte, Duc Khuong Nguyen
1st Edition
9813278374, 978-9813278370
