General electric has an outstanding bond that paid


General Electric has an outstanding bond that paid quarterly interest with an annual coupon of 4.25%, with yield to maturity (required rate of return) of 3.85% and a maturity date of February 15, 2028.

a) What is the price ( as a percentage of principal) of the bond with a settlement date of February 15, 2018? If the yield (required rate of return) of this bond goes up 75 basis points what would the new price be?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: General electric has an outstanding bond that paid
Reference No:- TGS02770253

Expected delivery within 24 Hours