Business, 13.02.2020 19:57 jetblackcap
Suppose that Ally Financial Inc. issued a bond with 10 years until maturity, a face value of $1,000 and a coupon rate of 7%(annual payments). The yield to maturity on this bond when it was issued was 6 %.
a. What was the price of this bond when it wasissued? (round to the nearest cent).
b. Assuming the yield to maturity remainsconstant, what is the price of the bond immediately before it makes its first coupon payment?
c. Assuming the yield to maturity remainsconstant, what is the price of the bond immediately after it makes its first coupon payment?
Answers: 3
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Suppose that Ally Financial Inc. issued a bond with 10 years until maturity, a face value of $1,000...
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