4 years ago, you purchased a corporate bond for R975.30. At the time, the bond had a YTM of 9.25% and 8 years left to maturity. Today, the YTM on your bond is 6%. With this information, can you calculate the current market price of your bond? Assume fixed annual coupon payments and a par value of R1,000
A. R 925
B. R 1000
C. R 1079.20
D. R 1097.02

Answer rating: 100% (QA)

Purchase Price of BondPV R97530 Par Value of Bond FV R1000 Num... View the full answer