A josh bond has a par value of $1,000, a yield of 5.71 percent, and a coupon
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Question:
- A josh bond has a par value of $1,000, a yield of 5.71 percent, and a coupon of 4.71 percent, paid semiannually and sells for $825.50.What is the unusual feature of the bond?Hint: solve for the missing variable
- The market price of an linsey bond is $956.78, it has 9 years to maturity, a par value of $1,000, and pays an annual coupon rate of 2.58% in semiannual installments. What is the yield to maturity?
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