Question
Future annual bond value A 25-year, $1,000 par value bond has a 4% annual payment coupon. The bond currently sells for $859.06. If the yield
Future annual bond value A 25-year, $1,000 par value bond has a 4% annual payment coupon. The bond currently sells for $859.06. If the yield to maturity remains at its current rate, what will the price be 4 years from now?
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Risk Management And Insurance
Authors: James TrieschmannSandra GustavsonSandra Gustavson, Robert HoytSandra Gustavson, Robert Hoyt, David Sommer
12th Edition
0324183208, 9780324183207
