Question
Unicorp issued 8% annual coupon rate bonds five years ago. Interest is paid semi-annually. The bonds have a par value of $1000 and had an
Unicorp issued 8% annual coupon rate bonds five years ago. Interest is paid semi-annually. The bonds have a par value of $1000 and had an original maturity of 20 years when issued.
- If the bond is currently priced at $1142.36, what is its yield-to-maturity?
- If the current price is $881.35, what is its yield-to-maturity?
- If the bond is bought at par value, what is its yield-to-maturity?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
