Question
The five-year bond yields 6.8% and has a coupon of 8.9%. If this yield to maturity remains unchanged, what will be its price one year
The five-year bond yields 6.8% and has a coupon of 8.9%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments and a face value of $100.
What is the total return to an investor who held the bond over this year?
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
978-0538497909
