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Category > Accounting Posted 21 May 2017 My Price 5.00

The yield to maturity for 15-year bonds is as follows for four different bond

The yield to maturity for 15-year bonds is as follows for four different bond rating categories. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
   
  Aaa 9.80%
  Aa1 10.00%
  Aa2 11.00%
  Aa3 11.80%
 

The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just received a new rating of Aa1. Determine the new price of the bonds, assuming a 15-year maturity and semiannual interest payments. (Do not round intermediate calculations and round your answer to 2 decimal places.)

What is the price of the bonds?

Answers

Alpha Geek
(8)
Status NEW Posted 21 May 2017 01:05 PM My Price 5.00

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file 1495373853-Answer.docx preview (155 words )
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