Bond with a par value of $1,000, a coupon of 4.3% paid semi-annually with seven years to
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Question:
Bond with a par value of $1,000, a coupon of 4.3% paid semi-annually with seven years to maturity
FV = 1000
n = 7*2 = 14
C = 4.3% * (1/2) * 1000 = $21.5
YTM 4.88%,
what is the price of the bond?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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