Exactly 24 months ago in 2019, centronics inc issued a 15 year bond. the bond was issued
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Question:
Exactly 24 months ago in 2019, centronics inc issued a 15 year bond. the bond was issued at par to yield 6%. it pays interest annually. over the last 12 months, yields on bonds of similar risk have risen to 6.5%
- what is the price of the bond today?
- if you were to buy centonics bond today and interest rates were to remain constant for the next 3 years, in 3 years what will be the
i)coupon rate
ii) estimated price
3) current yield of the bond?
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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