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User consider a 5 % coupon bond, maturity period 3 years, and its face value $ 5 0 0 0 . assume this bond was
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consider a coupon bond, maturity period years, and its face value $ assume this bond was purchased by Mark at the every beginning of the bond issued with a plan to hold the bond for the whole maturity period and then the yield to maturity was but, instead of holding the bond for the whole maturity period. Mark has decided to sell the bond just after one year of holding when the yield to maturity is already increased from to what is the selling price of the bond for Mark
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