Question
You open the Wall Street Journal and notice a bond with a ten year maturity, 8% coupon rate, semiannual coupons, and $1000 face value trading
You open the Wall Street Journal and notice a bond with a ten year maturity, 8% coupon rate, semiannual coupons, and $1000 face value trading for $926.68. (a) What is the yield to maturity of the bond? (b) If the yield to maturity changed to 6.75%, what would be the price of the bond?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
