Question
A $1000-face value bond is paying annual coupons at a coupon rate of 4.65%, and has 7 years left to maturity. If the yield-to-maturity on
A $1000-face value bond is paying annual coupons at a coupon rate of 4.65%, and has 7 years left to maturity. If the yield-to-maturity on the bond is 2.33%, what is the bond price?
(Round your answer to the nearest $)
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
