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Homework answers / question archive / Assume a 2-year US bond with a Future Value of $1000 and coupon rate of 8% (paying annually) is being sold at par value

Assume a 2-year US bond with a Future Value of $1000 and coupon rate of 8% (paying annually) is being sold at par value

Finance

Assume a 2-year US bond with a Future Value of $1000 and coupon rate of 8% (paying annually) is being sold at par value. What is the new price of the bond, if the YTM is reduced to 7%.

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