Question
Barry's Steroids Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 30 years. If the percent yield to
Barry's Steroids Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 30 years.
If the percent yield to maturity is 11 percent, what percent of the total bond value does the repayment of principal represent?Assume interest payments are annual.
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
