Question
You just purchased a 15-year bond with an 12% annual coupon. The bond has a face value of $1,000 and a current yield of 10%.
You just purchased a 15-year bond with an 12% annual coupon. The bond has a face value of $1,000 and a current yield of 10%. Assuming that the yield to maturity of 9.35% remains constant, what will be the price of the bond 2 years from now?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
