Question: Please help me with this question so I can study quickly thanks. What is the market price of a bond if the face value is
Please help me with this question so I can study quickly thanks.
What is the market price of a bond if the face value is $1,000 and the yield to maturity is 6.2 percent? The bond has a 5.75 percent coupon rate and matures in 12.0 years. The bond pays interest semiannually.
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