Bonds price today based problem
Question: One year ago a $1000 face value 6% coupon bond was selling for $918.93. Since then, the market return decreased by two percentage points. The bond pays interest semiannually and now has four years to maturity. The bond's price today is?
Now Priced at $20 (50% Discount)
Recommended (97%)
Rated (4.9/5)
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Since then, the market return decreased by two percentage points. The bond pays interest semiannually and now has four years to maturity.The bond price today is
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