A bond pays a semi-annual coupon at an APR of 10.00%. The bond will mature in 7.00 years and has a face value of $1,000.00. The bond has a yield-to-maturity of 12.50% APR. What is the current yield for the bond? What is the current yield for the bond?
A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 9.75%. The bond pays coupons on an annual basis. Investors seek a 6.00% return on the bond.
Find the price of the bond if the yield to maturity changes to 6.00%
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