Question: I need help with this problem please indicate your full solution. Thank you. A bond that has a face value of $2,000 and coupon rate
I need help with this problem please indicate your full solution. Thank you.
A bond that has a face value of $2,000 and coupon rate of 2.70% payable semi-annually was redeemable on July 1,2021 . Calculate the purchase price of the bond on February 10,2015 when the yield was 3.45% compounded semi-annually. Round to the nearest cent
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