Wilson owns a bond with a coupon of 6 he bought it when the


Wilson owns a bond with a coupon of 6%. He bought it when the current yield was 7%. The current yield is now 5%. How much did he pay for the bond? What is the bond worth today? If he sold it what would his gain or loss be?

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Finance Basics: Wilson owns a bond with a coupon of 6 he bought it when the
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