What is the value of coupon rate bond
What's the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) decreases to 5%?
a. $965.20
b. $1000.00
c. $1,153.70
d. $1,188.30
Now Priced at $10 (50% Discount)
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