Your firm issues a 15 yr bond, coupon rate 8%, par value $1000, date of issue Jan.
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Question:
Your firm issues a 15 yr bond, coupon rate 8%, par value $1000, date of issue Jan. 1, 2011.
a) what is the expected value of the bonds at July 1, 2021 is market rate is 10%?
b) what would their value be on Dec. 31, 2020 is market rate is 6%?
c). find their yield to maturity on Dec. 31, 2019 if their price was $900?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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