Consider a 20-year, $1,000 bond with an 5% per annum coupon rate and annual coupons. The bond
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Consider a 20-year, $1,000 bond with an 5% per annum coupon rate and annual coupons. The bond currently has 7 years left to maturity, at a current yield to maturity of 3.9%. This bond will be trading at a price of ?
(Round your answer to the nearest dollar)
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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