Business, 17.04.2021 14:00, ignacio73

A bond with a coupon rate of 7.79% has a yield-to-maturity that today equals 11.34%. The $1,000 bond pays coupons every 6 months, 21 coupons remain, and a coupon was paid yesterday. Suppose you buy this bond and hold it so that you receive 7 coupons. You sell the bond upon receiving that last coupon. Suppose that when you sell the bond its yield-to-maturity has decreased by 57 basis points. what would the bond sell for after the holding period?

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A bond with a coupon rate of 7.79% has a yield-to-maturity that today equals 11.34%. The $1,000 bond...