A bond has a face value of $1000, a coupon rate of 6% and matures in 10
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A bond has a face value of $1000, a coupon rate of 6% and matures in 10 years. The yield to maturity of the bond is 5%.
What is the price of the bond and what is the yield to maturity if the coupon rate was 8%?
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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