Question
HW Help, Question #2 Today, a bond has a coupon rate of 7.84 percent, par value of 1,000 dollars, YTM of 9.66 percent, and semi-annual
HW Help, Question #2
Today, a bond has a coupon rate of 7.84 percent, par value of 1,000 dollars, YTM of 9.66 percent, and semi-annual coupons with the next coupon due in 6 months. One year ago, the bonds price was 929.91 dollars and the bond had 16 years until maturity. What is the current yield of the bond today? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
