Question
Suppose you purchased a ten-year bond (face value = $1000) with 8% coupon rate at par value. The bond makes semiannual coupon payments. You hold
Suppose you purchased a ten-year bond (face value = $1000) with 8% coupon rate at par value. The bond makes semiannual coupon payments. You hold the bond for 3 years, and sell the bond immediately after its sixth coupon payment is paid out. If the bonds yield to maturity is 5% when you sell the bond. What is the sale price of the bond?
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Exploring Public Relations And Management Communication
Authors: Ralph Tench, Stephen Waddington
5th Edition
1292321741, 9781292321745
