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What is the approximate yield over the 3 year window on a 8% coupon bond, $1000 par, which is currently selling for $890, if you
What is the approximate yield over the 3 year window on a 8% coupon bond, $1000 par, which is currently selling for $890, if you plan to hold it for 3 years? In 3 years you expect the discount rate on similar bonds to be 8%? The maturity of the bonds today is 10 years.
a. 8.44%
b. 9.54%
c. 11.46%
d. 12.63%
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