Question
3. Bernstein Co. issued 20-year bonds 4 years ago at a coupon rate of 2.75 percent. The bonds make semiannual payments and have a par
3. Bernstein Co. issued 20-year bonds 4 years ago at a coupon rate of 2.75 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 2.5 percent, what is the current bond price?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
