The STEF Corporation issued a new series of bonds on January 1st 2015. The bonds...
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The STEF Corporation issued a new series of bonds on January 1st 2015. The bonds have a maturity value of $1,000, a 10% coupon rate, and mature 30 years after issue, on December 31st, 2045. Coupon payments are made annually 21. If on January 1st 2015 the bonds were sold at par (same price as the Face Value), what was the yield to maturity of STEF'S bonds on that date? 2il. What was the price of the bond (value of bond) on January 1st 2020, 5 years later, assuming that the level of interest rates was 12%
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