In early 2014, riots and protests occurred in the Ukraine resulting in the loss of...
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Finance
In early 2014, riots and protests occurred in the Ukraine resulting in the loss of life. A credit rating agency downgraded Ukraine debt from B to CCC. Suppose that the Ukraine has a zero-coupon bond that will mature in 10.00 years. Based on the table below, what is the new price of the Ukraine debt issue. (The bonds will pay $1,000 at maturity)
Credit Rating : CCC B BB BBB
Yield to maturity: 7.67% 7.42% 7.17% 7.02%
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