Question
Bond X is a US corporate bond making semiannual payments. The bond has a coupon rate of 9.8 percent, a YTM of 7.8 percent, and
Bond X is a US corporate bond making semiannual payments. The bond has a coupon rate of 9.8 percent, a YTM of 7.8 percent, and has 15 years to maturity. Assume the bond has a par value of $1,000, what is the bond price today and the price in 8 year assuming the interest rate remains unchanged?
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
