Boomer Inc, just issued 11-year bonds with $1,000 par and a 4.25% semi-annual coupon priced at $1080.

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Boomer Inc, just issued 11-year bonds with $1,000 par and a 4.25% semi-annual coupon priced at $1080. If the yield to maturity stays constant, what will be the price of the bonds in 4 years?

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ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Feb 27, 2024 06:02 AM

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Boomer Inc, just issued 11-year bonds with $1,000 par and a 4.25% semi-annual coupon priced at $1080.

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To calculate the price of the bonds in 4 years we first need to determine the current yield to matur... View the full answer

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