A year later the bond price is 1064 assume a face value of
You buy a bond for $949 that has a coupon rate of 5.6% and a 8-year maturity. A year later, the bond price is $1,064. (Assume a face value of $1,000 and annual coupon payments.) What is the new yield to maturity on the bond?
Now Priced at $10 (50% Discount)
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you buy a bond for 949 that has a coupon rate of 56 and a 8-year maturity a year later the bond price is 1064 assume a
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