Question
. You buy a 13%, 7-year bond with a yield to maturity of 10.5%. What is the price on this bond? Two years later, the
. You buy a 13%, 7-year bond with a yield to maturity of 10.5%. What is the price on this bond? Two years later, the yield to maturity on the bond is 9%. What is the price of the bond at this time? Calculate your percentage return on this bond if you sell at this time.
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
