What is the fair value (PV) of a 12-year bond with an annual coupon of 4.375% priced
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Question:
What is the fair value (PV) of a 12-year bond with an annual coupon of 4.375% priced at a yield (YtM) of 5.00%?
Answer with a whole number rounded to three decimal places, e.g., 102.2379% of par should be entered as 102.238.
Related Book For
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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