Question
Consider a 20 year, $1000 bond with a coupon rate of 9% and quarterly coupons. By looking at Bloomberg you can see that this bond
Consider a 20 year, $1000 bond with a coupon rate of 9% and quarterly coupons. By looking at Bloomberg you can see that this bond has most rcently traded at a price of $1462.62. Give two nubers (a,b) such that the yiel to maturity of bond is between a and b, That is such that (a<=YTM<=b). Express (a,b) as APRs.
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Handbook Of Asian Finance REITs Trading And Fund Performance
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009861, 978-0128009864
