The yield to maturity of a $1,000 bond with a 7.5% coupon rate, semiannual coupons. Two years
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The yield to maturity of a $1,000 bond with a 7.5% coupon rate, semiannual coupons. Two years to maturity is 8.8% APR, compounded semiannually.
What is its price?
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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