Problem $10-15($Algo$)$ Effect of yield to maturity on bond price $[$L$010-2,10-3]$

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 $15$ percent. This return was in line with the required returns by bondholders at that point in time as described below:

$\backslash$table$[[$Real rate of return,$5\%$

Problem $10-15($Algo$)$ Effect of yield to maturity on bond price $[$L$010-2,10-3]$

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 $15$ percent. This return was in line with the required returns by bondholders at that point in time as described below:

$\backslash$table$[[$Real rate of return,$5\%$