Question
A 20-year $1,000 par value bond has an 8% semiannual coupon and a nominal yield to maturity of 12%. What is the price of the
A 20-year $1,000 par value bond has an 8% semiannual coupon and a nominal yield to maturity of 12%. What is the price of the bond(Rounding to two decimal places)?
Can someone help me with this question? I am in a hurry
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
