Question
You have a 15 year bond paying 4% coupon payments annually. the par value is $1000, the YTM when issued was 9%. What is the
You have a 15 year bond paying 4% coupon payments annually. the par value is $1000, the YTM when issued was 9%. What is the selling price of the bond after 5 years, given that the YTM has changed to 8%?
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
