Question
A $17,000, 5.7% bond redeemable at par is purchased 6.5 years before maturity to yield 5.4% compounded semi-annually. If the bond interest is payable semi-annually,
A $17,000, 5.7% bond redeemable at par is purchased 6.5 years before maturity to yield 5.4% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?
The purchase price of the bond is $______.
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
