Question
XYZ Corp's outstanding bonds have a 100,000 par value and they mature in 30 years. Their YTM is 8% annual coupon rate is 6%, and
XYZ Corp's outstanding bonds have a 100,000 par value and they mature in 30 years. Their YTM is 8% annual coupon rate is 6%, and semi annual compounding.
- What is the bond's current market price?
- What is the bond's current yield?
Please show all work. Please do not handwrite.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
