Question
Say you buy a new 10 year bond with a 4% annual coupon and a face value of $1000. After four years you decide to
Say you buy a new 10 year bond with a 4% annual coupon and a face value of $1000. After four years you decide to sell in, meaning that there are six (6) years left to maturity. The interest rate is the same. What is the selling price of the bond (show your calculations)
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
