Question
A $2,000,000 bond was issued on September 10 2015 with a 5 year maturity. Coupon rate is 4.5% and the YTM is 6.75% p.a. compounded
A$2,000,000 bond was issued on September 10 2015 with a 5 year maturity. Coupon rate is 4.5% and the YTM is 6.75% p.a. compounded half-yearly. Interest is paid semi annually. How much is the bond worth on 10 March 2018?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
