A bond was issued three years ago at a price of $960 with a
maturity of six years, a yield-to-maturity (YTM) of 8.00%
compounded semi-annually, and a face value of $1,000 with
semi-annualy coupons. What is the price of this bond today
immediately after the receipt of today's coupon if the YTM has
fallen to 6.75% compounded semi-annually?
options: $985
$1,011
$1,036
$1,061
$1,086
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