Question
A 4.5% bond has a maturity of 6 years. The par value of the bond is $1,000. If the yield to maturity is 9.6% and
A 4.5% bond has a maturity of 6 years. The par value of the bond is $1,000. If the yield to maturity is 9.6% and the interest payments are made semi-annually, then what is the current price of the bond?
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
