Question
A $1,000, 12 year bond carries a 3.5% coupon. If the prevailing market rate on the date of purchase is 4.5% compounded semiannually, what is
A $1,000, 12 year bond carries a 3.5% coupon. If the prevailing market rate on the date of purchase is 4.5% compounded semiannually, what is the purchase price of the bond?
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International Business
Authors: Michael Geringer, Jeanne M. McNett, Michael S Minor, Donald A Ball
1st edition
78029376, 78029370, 1259317226, 978-1259317224
