A $11,000 bond that has a coupon rate of 5.80% payable semi-annually and maturity of 6 years

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A $11,000 bond that has a coupon rate of 5.80% payable semi-annually and maturity of 6 years was purchased when the yield was 4.50% compounded semi-annually. What was the book value of the bond after 9 payments?

Posted Date: May 21, 2024 12:06 AM

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A $11,000 bond that has a coupon rate of 5.80% payable semi-annually and maturity of 6 years

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