You've just purchased a $1,000 face value bond for $910. It pays semi-annual coupons and has 9
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You've just purchased a $1,000 face value bond for $910. It pays semi-annual coupons and has 9 years to maturity and a 4.70% coupon rate. At what price should you be able to sell the bond in 3 years if market rates are expected to remain the same for the forseeable future?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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