Question
LLK Ltd recently issued bonds paying a fixed annual coupon of 10% p.a. and maturing in 5 years time. The yield to maturity on these
LLK Ltd recently issued bonds paying a fixed annual coupon of 10% p.a. and maturing in 5 years time. The yield to maturity on these bonds is 8% p.a. If market interest rates fall, what is most likely to happen to the price of the bonds?
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick, Ayako Yasuda
3rd Edition
1119490111, 978-1119490111
