If a bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985, what is its yield to maturity(YTM)? What will the price be 3 years from today if the YTM remains constant for the next 3 years?
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If a bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985, what is its yield to maturity(YTM)? What will the price be 3 years from today if the YTM remains constant for the next 3 years?
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If a bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985, what is its yield to maturity(YTM)? What will the price be 3 years from today if the YTM remains constant for the next 3 years?
7.22%, 988.46
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