Question: Consider a $1000 par value bond issued by AT &T with a maturity date of 2032 and a stated coupon rate of 8.5 percent. On

Consider a $1000 par value bond issued by AT &T with a maturity date of 2032 and a stated coupon rate of 8.5 percent. On January 1, 2013, the bond had 20 years left to maturity, and the markets required yield to maturity for similar rated debt was 7.5 percent. What is the value of the bond? What is the value of bond If markets required yield to maturity was 3.75 percent for six months?

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