annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%.
a. What is the yield to maturity at a current market price of $829?
b. Would you pay $829 for one of these bonds if you thought that the appropriate
rate of interest was 12%?
c. Is this a premium, par, or discount bond?
This question was asked on Jan 17, 2013.
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