Bond P is a premium bond with a 1 2 percent coupon, a YTM of 6 percent,
Fantastic news! We've Found the answer you've been seeking!
Question:
Bond P is a premium bond with a percent coupon, a YTM of percent, and years to maturity. Bond D is a discount bond with an percent coupon and a YTM of percent, and also has years to maturity. The bonds pay semiannual coupons. If interest rates remain unchanged, what do you expect the price of Bond P to be years from now?
Note: Round your answer to four decimal places; Use a financial calculator to solve this problem, and document the key sequences entered, like NPMTCF etc.
Posted Date: