Question
You buy a(n) 18.4% coupon, 15-year maturity bond for $1,115.46. A year later, the bond price is $1,014.96. a. What is the new yield to
| You buy a(n) 18.4% coupon, 15-year maturity bond for $1,115.46. A year later, the bond price is $1,014.96. |
| a. | What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Yield to maturity | % |
| You buy a(n) 12% coupon, 16-year maturity bond for $1,192.33. A year later, the bond price is $1,838.43. |
| a. | What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Yield to maturity | % |
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
