Question
If a bond has a 20-year maturity, a coupon rate of 6%, a yield-to-maturity of 5% and a par value of $1000, its price >
If a bond has a 20-year maturity, a coupon rate of 6%, a yield-to-maturity of 5% and a par value of $1000, its price > $1100.
17. If a zero-coupon bond has a 10-year maturity, a 7% yield-to-maturity and a par value of $1000, its price > $500.
18. The current yield of the bond in #16 < 5%.
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
