Bond Assignment | Professional Writing
May 25th, 2020
Question #4 YYY bonds have a 12-year maturity, $1,000 par value, and a 6% coupon paid semi-annually, and those bonds sell at their par value.
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ZZZ bonds have the same risk, maturity, and par value, as YYY bonds, but the ZZZ bonds pay a 4% monthly coupon. Neither bond is callable. At what price should the monthly payment bond sell?
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