Question: A $ 1 , 0 0 0 face value, 6 . 0 % coupon, Province of Ontario bond with 1 8 years to run until
A $ face value, coupon, Province of Ontario bond with years to run until maturity is currently priced to yield investors compounded semiannually until maturity. How much lower would the bond's price have to be to make the yield to maturity compounded semiannually? Do not round intermediate calculations. Round your answer to decimal places.
Price should be lowered by
$
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