A bond with a coupon rate of 7.30% has a price that today equals $868.92. The $1.000
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A bond with a coupon rate of 7.30% has a price that today equals $868.92. The $1.000 face value bond pays coupon every 6 months. 30 coupons remain, and a coupon was paid yesterday. Suppose you buy this bond at today's price and hold it so that you receive 20 coupons. You sell the bond upon receiving that last coupon. Find the selling price if the bond's YTM remains constant.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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