Question
Bond Y is a US corporate bond making semiannual payments. This bond has a coupon rate of 7.8 percent, a YTM of 9.8 percent, and
Bond Y is a US corporate bond making semiannual payments. This bond has a coupon rate of 7.8 percent, a YTM of 9.8 percent, and also has 15 years to maturity. Assume the interest rate remains unchanged and the bond has a par value of $1,000. What is the current price of the bond and the price in 5 years?
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
