Question: Hello I need help with this question. Please indicate your full solution with the correct answer. Thank you. A bond that has a face value
Hello I need help with this question. Please indicate your full solution with the correct answer. Thank you.
A bond that has a face value of $1,500 and coupon rate of 3.80% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10,2015 when the yield was 4.30% compounded semi-annually. Round to the nearest cent
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