Question
Use the following information to answer this question. Bonds of RAR Foods are selling in the market for $854.66.These bonds carry a 9 percent coupon
Use the following information to answer this question.
Bonds of RAR Foods are selling in the market for $854.66.These bonds carry a 9 percent coupon paid semiannually, and have 15 years remaining to maturity.
What will be the bonds price if yield to maturity drops to 10%, assuming that all other factors remain the same?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
