Please help me with this:
annual coupon interest rate on a $1,000 par value bond with 15 years left to maturity. Bonds of same maturity now sell to yield 13% return
(a) How much would you be willing to pay for one of these bonds today? Why?
(c) What is the relationship between the price of the bond and its YTM, and the risk and it’s YTM?
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