YTM Problem
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I have a bond that matures in 10 years and sells for 985. the face value is $1,000 with 7% annual coupon, I know how to get the current yield which is 7.107% and the Yield at the maturity is 7.126% but I don't know how to figure out the price of the bond when the maturity remains constant for three years exactly from today? 4/20/07- 4/20/2010?
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Solution Summary
Figure out the price of the bond when the maturity remains constant for three years exactly from today.
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