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If a 15 year bond is issued with an 8.4% interest coupon (paid semi-annually), and is currently 5 years into the term, with a Yield
- If a 15 year bond is issued with an 8.4% interest coupon (paid semi-annually), and is currently 5 years into the term, with a Yield to Maturity (YTM) of 7.6%, what do you KNOW is true of this bond?
- The semi-annual interest payment is $42
- The semi-annual interest payment is $38
- The bond is currently trading at a premium
- The bond is currently trading at a discount
- Both (a) and (c) are true
- Both (b) and (c) are true
- Both (a) and (d) are true
- Both (b) and (d) are true
- The semi-annual interest payment is $42
- The semi-annual interest payment is $38
- The bond is currently trading at a premium
- The bond is currently trading at a discount
- Both (a) and (c) are true
- Both (b) and (c) are true
- Both (a) and (d) are true
- Both (b) and (d) are true
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Take Charge Of Your Money Now Essential Strategies For Winning In Any Financial Climate
Authors: A.J. Monte, Rick Swope
1st Edition
0345517334, 978-0345517333
