The bond currently sells for 87538 if the yield to maturity


A 20-year, $1,000 par value bond has a 4% annual payment coupon. The bond currently sells for $875.38. If the yield to maturity remains at its current rate, what will the price be 8 years from now?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The bond currently sells for 87538 if the yield to maturity
Reference No:- TGS02332757

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)