You find a bond with a semi- coupon of % and a yield of %. What must
Fantastic news! We've Found the answer you've been seeking!
Question:
You find a bond with a semi- coupon of % and a yield of %. What must happen to price of this bond as it nears maturity if the yield remains constant ?
A. It must fall
B. It must rise
C. It must stay constant
D. There is no way to tell what will happen to the price of this bond
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Posted Date: