Question
14. You are considering the purchase of a $1,000 par value bond with a coupon rate of 5.9% (with interest paid semiannually) that matures in
14. You are considering the purchase of a $1,000 par value bond with a coupon rate of 5.9% (with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 9%, what is the bond's current price?
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
