Question
Please help me study for a test by answering this question. A 20-year, $1,000 par value bond has an 6.4% annual payment coupon. The bond
Please help me study for a test by answering this question.
A 20-year, $1,000 par value bond has an 6.4% annual payment coupon. The bond currently sells for $1,080. If the yield to maturity remains at its current rate, what will the price be 4 years from now?
The present value will be $________?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
