Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A company has 15-year bonds with a $5000 maturity value and a quoted coupon rate of 15% paid semiannually. The current yield is 10% compounded semiannually. (Round your answers to the nearest cent.) Suppose that with 8 years remaining until maturity, the yield rate drops to 6% compounded semiannually. Find the new price of these bonds.

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