Question
When would a $100 bond have a coupon of $5 but a yield of 3%? If someone bought the bond at that point, would it
When would a $100 bond have a coupon of $5 but a yield of 3%? If someone bought the bond at that point, would it be worth more or less than $100? Could the price still change?
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
