Locate the Treasury bond in Figure 6.3 maturing in February 2037. Is this a premium or a
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Locate the Treasury bond in Figure 6.3 maturing in February 2037. Is this a premium or a discount bond? What is its current yield? What is its yield to maturity? What is the bid-ask spread for a $1,000 par value bond?
Figure 6.3
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Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Input area Coupon rate 4750 Bid price 13...View the full answer
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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