Answers to Text Discussion Questions

Determine the price of the bond that you initially paid and the bond price with 10 years remaining to maturity. Also, compute the dollar and percentage profit related to the bond over the 10-year holding period. 12-5. 20 years, 14 percent 73.34% × $1,000 = $ 733.40. 10 years, 8 percent 113.50% × $1,000 = $1,135.00. Current yield. 6. ................
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