Problem a bond has a 1000 par value, Ask an Expert

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Problem:

A bond has a $1,000 par value, 10 years to maturity, and a 8% annual coupon and sells for $980. Yield to Maturity is 8.30213

Required:

Question: Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today?

Note: Provide support for rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174208

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