The yield to maturity of a $1000 bond with a 6.5% coupon rate, semiannual coupons, and two
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The yield to maturity of a $1000 bond with a 6.5% coupon rate, semiannual coupons, and two years to maturity is 8.5% APR, compounded semiannually. What must its price be?
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Heres how to find the price of the bond 1 Define variables Face value F 1000 Coupon rate c 65 ...View the full answer
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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