What is the price of a bond with a coupon rate of 8.20% and semi-annual payments, if the yield-to-maturity is 11.20% and the bond matures
What is the price of a bond with a coupon rate of 8.20% and semi-annual payments, if the yield-to-maturity is 11.20% and the bond matures in 25 years? Assume a par value of $1,000.
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Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
