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Problem 1 0 - 1 5 ( Algo ) Effect of yield to maturity on bond price [ L 0 1 0 - 2 ,

Problem 10-15(Algo) Effect of yield to maturity on bond price [L010-2,10-3]
Media Bias Incorporated issued bonds 10 years ago at $1,000 per bond. These bonds had a 30-year life when issued and the annual interest payment was then 13 percent. This return was in line with the required returns by bondholders at that point in time as described below:
\table[[Real rate of return,4%
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