Question
If an A Rated Corporate Debenture with a coupon rate of 4.5% and a price of 98.5% of par had a maturity date of 9/18/32,
If an A Rated Corporate Debenture with a coupon rate of 4.5% and a price of 98.5% of par had a maturity date of 9/18/32, what would its YTM be assuming semi-annual coupons and state as an APR?
Using the coupon rate above, if this 12 year bond experienced a 1.5% increase in YTM, what would its new present value be?
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
