Question
On April 28th, 2014, Canada sold $1.5 Billion of 50-year bonds carrying a 2.75% coupon. If we assume that on April 28th, 2024, the YTM
On April 28th, 2014, Canada sold $1.5 Billion of 50-year bonds carrying a 2.75% coupon. If we assume that on April 28th, 2024, the YTM on these bonds has risen to 7%, and given that there is still 40 years before maturity, what price will each $1,000 bond sell for?
Multiple Choice
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$325.85
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$431.59
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$528.45
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$498.56
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Principles Of Accounting 2
Authors: OpenStax
1st Edition
0357366808, 9780357366806
