What would be the price of their bonds now

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Question: Suppose Unilever Plc issued bonds with 10 years to maturity with a £1,000 par or face value, a 10% coupon rate paid semi-annually are currently selling for £550. Please answer the following questions. (a) Two years after the bonds were issued, the yield on bonds of the same credit standing fell to 6%. What would be the price of their bonds now?

Reference no: EM133443771

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