You have a $1,000 face value bond. You know that it originally had a maturity of 14 years, one year ago. This bond has 7.9% annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of 5.6% What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Current bond price
You have a $1,000 face value bond. You know that it originally had a maturity of 14 years, one year ago. This bond has 7.9% annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of 5.6% What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Current bond price
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 5MC: What would be the value of the bond described in Part d if, just after it had been issued, the...
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