Business, 21.04.2020 18:44 justin5647

You just purchased a $1,000 par bond with a 6% semi-annual coupon and 15 years to maturity at par. You are hoping that interest rates fall and that you will be able to sell the bond in seven years at a price $1,200. What will the yield to maturity of the bond have to be to get the price you want in seven years

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You just purchased a $1,000 par bond with a 6% semi-annual coupon and 15 years to maturity at par. Y...

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