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Calculations when market yield increases

Company A has a 6-year, 8% annual coupon bond with a $1,000 par value. Company B has a 12-year, 8% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6%. What happens to the bonds if the market yield increases to 7%?

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Company A has a 6-year, 8% annual coupon bond with a $1,000 par value. Company B has a 12-year, 8% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6%. What happens to the bonds if the market ...

$2.19