Question
Please answer plessss !!!! The S Company bond currently sells for $1250 has a 13% coupon interest rate and a $1000 par value, Pays interest
Please answer plessss !!!!
The "S" Company bond currently sells for $1250 has a 13% coupon interest rate and a $1000 par value, Pays interest semi-annually. It has 15 years to maturity. (a) Calculate the yield to maturity (YTM) on this bond. (b) Explain the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value of a bond.
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
