A GM bond carries a coupon rate of 8%, has 9 years to maturity, and sells at

R

Ryan Siebring

New member
a yield to maturity of 7%.......? a) What interest payments do bond holders receive each year?
b) At what price do the bonds sell? (assume annual interest payments)
c) What will happen to the bond price if the yield to maturity falls to 6%?
 
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