A bond has a par value of 1000 a time to maturity of 15


A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.60% with interest paid annually. If the current market price is $760, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A bond has a par value of 1000 a time to maturity of 15
Reference No:- TGS01037902

Expected delivery within 24 Hours