Unit 5 quiz chap. 8 and 15 bond xyz and bond abc both pay annual
Bond XYZ and bond ABC both pay annual coupons, mature in seven years, have a face value of $1,000, and have the same yield-to-maturity. Bond XYZ has a coupon rate of 8.5 percent and is priced at $1,035.09. Bond ABC has a coupon rate of 6.4 percent. What is the price of bond ABC? XYZ ABC Coupons 85 64 Period 7 […]