Bond Assignment | Professional Writing
May 21st, 2020
1. What is the current price of a bond with a $1000 par value, a 7% nominal yield, a 6% yield-to-maturity and a 2-year maturity? Assume annual coupons.
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2. If the price of the bond in Problem #5 were $1025 a year later, what would be the HPY?
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