A 20 year semiannual coupon bond with a 7% coupon rate was issued at par for $1,000
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A 20 year semiannual coupon bond with a 7% coupon rate was issued at par for $1,000 5 years ago. Today, it trades for $940. What is this bond's YTM today? What will the price be in one year if YTM remains constant?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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