Two years ago, MTR issued $1,000 ten-year bonds that carry a coupon rate of 8% payable semi-annually.
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Two years ago, MTR issued $1,000 ten-year bonds that carry a coupon rate of 8% payable semi-annually. What will be the bond price if the yield to maturity falls to 6% in one year?.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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