Question
Yield to maturity and future price A bond has a $1,000 par value, 12 years to maturity, and a 8% annual coupon and sells for
Yield to maturity and future price
A bond has a $1,000 par value, 12 years to maturity, and a 8% annual coupon and sells for $980.
What is its yield to maturity (YTM)? Round your answer to two decimal places. % 8.27
Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
