Question
Suppose a seven-year, $1,000 bond with a 7.71% coupon rate and semiannual coupons is trading with a yield to maturity of 5.18%.If the yield to
Suppose a seven-year, $1,000 bond with a 7.71% coupon rate and semiannual coupons is trading with a yield to maturity of 5.18%.If the yield to maturity of the bond rises to 5.73% (APR with semiannual compounding),at what price will the bond trade?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
