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What will be the price of the bond one year from now

Question:

You just purchased a 15-year bond with an 11 percent annual coupon. The bond has a face value of $1,000 and a current yield of 10 percent. Assuming that the yield to maturity of 9.7072 percent remains constant, what will be the price of the bond 1 year from now?

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Finance Basics: What will be the price of the bond one year from now

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Finance Basics: What will be the price of the bond one year from now

Reference No:- TGS02057823

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