FUTURE PRICE A bond has a $1,000 par value, 12 years to maturity, and a 8% semiannual coupon and sells for $995. Assume that the
FUTURE PRICE A bond has a $1,000 par value, 12 years to maturity, and a 8% semiannual coupon and sells for $995. Assume that the yield to maturity remains at 8.07% for the next 4 years. What will the price be 4 years from today? Round to TWO decimal places.
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Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
