What is the YTM

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Reference no: EM132211927

Question - You purchased 10 year bonds at an issue price of $990 whose face value is $1000. The annual coupon rate is 3%.

What is the YTM?

Five years later market rates of interest are 5%. What will be the price of the bonds?

If you expect interest rates to hold at 5% or less, what should you do with the bonds?

Reference no: EM132211927

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