You are interested in purchasing a GM 5 of 2027. Your broker quotes a price of...
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You are interested in purchasing a GM 5 of 2027. Your broker quotes a price of $99.00. Calculate the approximate yield to maturity. • What will happen to the approximate yield to maturity if the price of the bond drops to $95.00? o What will happen to the price of the bond if the yield to maturity increases? Why? You are interested in purchasing a GM 5 of 2027. Your broker quotes a price of $99.00. Calculate the approximate yield to maturity. • What will happen to the approximate yield to maturity if the price of the bond drops to $95.00? o What will happen to the price of the bond if the yield to maturity increases? Why?
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YTM x100 I NP 5x100 99 505051 If Price drop To 95 YTM I NP X100 5... View the full answer
Related Book For
Methods of IT Project Management
ISBN: 978-1557536631
2nd edition
Authors: Jeffrey Brewer, Kevin Dittman
Posted Date:
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