Question
several years ago, you purchased one annual coupon bond at its fa value with YTM = 7%. What is the bond price today if the
several years ago, you purchased one annual coupon bond at its fa value with YTM = 7%. What is the bond price today if the YTM changes to 12%, assuming the face value is $1,000 and the bond has 8 years to maturity?
A. $717.49
B. $747.35
C. $751.62
D. $1000
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
