Question
2.) What must be the price of a $ 2 ,000 bond with a 5.6% coupon rate, annual coupons, and 20 years to maturity if
2.) What must be the price of a $ 2 ,000 bond with a 5.6% coupon rate, annual coupons, and 20 years to maturity if YTM is 9.2 % APR?
3.) An investor holds a Ford bond with a face value of $1000, a coupon rate of 4%, and semiannual payments that matures on 01/15/2029. How much will the investor receive on 01/15/2029?
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
