Question
A $1,000 par value bonds annual coupon rate is 4 percent, but it pays coupon twice a year. The yield to maturity is 6 percent
A $1,000 par value bonds annual coupon rate is 4 percent, but it pays coupon twice a year. The yield to maturity is 6 percent p.a. and it has 10 years to maturity. If the yield to maturity remains unchanged, what is the price 6 years from now?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
