paranee
Nov 5, 2010, 10:03 PM
a bond has a $1,000 per value, 10 years to maturity, and a 7% annual coupon and sells for $985.
a. What is its yield to maturity (YTM)?
b. Assumne that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today?
a. What is its yield to maturity (YTM)?
b. Assumne that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today?