Question: A 20-year bond with a $1,000 face value has a yield to maturity is 7.0% and it's coupon rate is 4.0% paid semiannually. The dirty
A 20-year bond with a $1,000 face value has a yield to maturity is 7.0% and it's coupon rate is 4.0% paid semiannually. The dirty price of this bond exactly 3 months after its 10th coupon payment is closest to ________. Assume that the yield to maturity remains at 7.0% after the 10th coupon payment.
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