three years ago, you purchased a $7000 bind with 3% annual cupon payments for $6769. If the current YTM is 3%, what price would you expect to sell it for today?
three years ago, you purchased a $7000 bind with 3% annual cupon payments for $6769. If the current YTM is 3%, what price would you expect to sell it for today?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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three years ago, you purchased a $7000 bind with 3% annual cupon payments for $6769. If the current YTM is 3%, what price would you expect to sell it for today?
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