A company issues a ten-year $1,000 face value bond at par with a coupon rate of 6.4% paid semiannually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 9.5%. What was the percentage change in the price of the bond over the past two years? OA.-17.59% OB.-21.11% OC. -24.63% OD. 14.07%

A company issues a ten-year $1,000 face value bond at par with a coupon rate of 6.4% paid semiannually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 9.5%. What was the percentage change in the price of the bond over the past two years? OA.-17.59% OB.-21.11% OC. -24.63% OD. 14.07%

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 13Q: A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market...

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