A $1,000 par bond with a 4% semi-annual coupon has 15 years to maturity trades at a

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A $1,000 par bond with a 4% semi-annual coupon has 15 years to maturity trades at a yield of 6%. What would be it’s price?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Posted Date: Feb 29, 2024 03:34 AM

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A $1,000 par bond with a 4% semi-annual coupon has 15 years to maturity trades at a

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To calculate the price of a bond we can use the present value formula which discounts the future cas... View the full answer

Investments

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