Question
Suppose you buy a 30 year bond that pays a 6% coupon for the first 15 years and a 8% coupon for the last 15
Suppose you buy a 30 year bond that pays a 6% coupon for the first 15 years and a 8% coupon for the last 15 years. The YTM of this bond is 7%. What is the price of the bond?
(Bonds is semi-annual, yield measures is stated a s annual percentage rate)
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Unlimited Business Financing
Authors: Trent Lee, Dr Chad Lee
1st Edition
1934275050, 9781934275054
