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Bonds of rar foods are selling in the market

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Reference no: EM131493580

Use the following information to answer this question.

Bonds of RAR Foods are selling in the market for $854.66. These bonds carry a 9 percent coupon paid semiannually, and have 15 years remaining to maturity.

What will be the bond's price if yield to maturity drops to 10%, assuming that all other factors remain the same?

Reference no: EM131493580

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Bonds of rar foods are selling in the market : Bonds of RAR Foods are selling in the market for $854.66. These bonds carry a 9 percent coupon paid semiannually, and have 15 years remaining to maturity.
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