A bond with a face value of $1600 pays half yearly interest at 6% pa compounding half

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A bond with a face value of $1600 pays half yearly interest at 6% pa compounding half yearly, and 6 years to maturity. The next interest payment is due in exactly half a year.

What is the price required to yield 2% pa compounded half yearly?

Related Book For answer-question

Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: May 22, 2023 02:31 AM

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A bond with a face value of $1600 pays half yearly interest at 6% pa compounding half

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Bond Markets Analysis and Strategies

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