b. What was the price of the bond on January 1, 1988 (five years later), assuming that the level of interest rates had fallen to 10 percent?
d. On August 1, 2008, Pennington's bonds sold for $916.42. What was the YTM at that date.
This question was asked on Mar 15, 2010 and answered on Mar 15, 2010.
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