A bond has a face value of $1000, a coupon rate of 6% and matures in 10

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A bond has a face value of $1000, a coupon rate of 6% and matures in 10 years. The yield to maturity of the bond is 5%.

What is the price of the bond and what is the yield to maturity if the coupon rate was 8%?

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: Feb 09, 2023 06:43 AM

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A bond has a face value of $1000, a coupon rate of 6% and matures in 10

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Introduction To Corporate Finance

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