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Author Question: If you own a $1,000 face value bond with one year remaining to maturity and a five percent coupon ... (Read 137 times)

Marty

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If you own a $1,000 face value bond with one year remaining to maturity and a five percent coupon rate and new bonds are paying 12 percent, what is the most you can get for your old bond?


$1,120


$1,000


$937.50


impossible to determine without additional information



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Marked as best answer by Marty on Oct 7, 2019

ntsoane kedibone

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Marty

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Reply 2 on: Oct 7, 2019
YES! Correct, THANKS for helping me on my review


upturnedfurball

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Reply 3 on: Yesterday
Gracias!

 

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