Question
Consider a bond issued by Apple Inc. with a face value of $1,000, a coupon rate of 5%, and semi-annual coupon payments. The bond matures
Consider a bond issued by Apple Inc. with a face value of $1,000, a coupon rate of 5%, and semi-annual coupon payments. The bond matures in 10 years. The current market interest rate for similar bonds is 6%. Calculate: a) The price of the bond. b) The bond's yield to maturity (YTM). c) The maturity date of the bond. d) If the bond is currently trading at a premium or discount.
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
