Question
Bonds of RAR Foods are selling in the market for $854.66. These bonds carry a 9 percent coupon paid sem-iannually, and have 15 years remaining
Bonds of RAR Foods are selling in the market for $854.66. These bonds carry a 9 percent coupon paid sem-iannually, and have 15 years remaining to maturity. What will be the bonds price if the yield to maturity drops to 10%, assuming that all other factors remain the same?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
