Question: need help with details the bonds coupon by its current market price also called current yield) Calculate the price of a 5-year, $1,000 face value
need help with details
the bonds coupon by its current market price also called current yield) Calculate the price of a 5-year, $1,000 face value bond that makes semiannual payments, has a coupon ratelof 8 %, and offers a yield to maturity of 7 %. Recalculate the price assuming a 9 % YTM. What is the general relationship that this problem illustrates
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