A bond has a 1000 par value 10 years to maturity and a 7, Ask an Expert

Finance

A bond has a $1000 par value, 10 years to maturity, and a 7% annual coupon adn sells for $985.

A. What is its yield to maturity (YTM)?

B. Assume that the yield to maturity remains constant for the next 3 years. What will the pricebe 3 years from today?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9994415

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