Question
A 5.1% coupon bearing bond pays interest semi-annually and has a maturity of 15 years. If the annual yield to maturity is 5.5%, what is
A 5.1% coupon bearing bond pays interest semi-annually and has a maturity of 15 years. If the annual yield to maturity is 5.5%, what is the current price of this bond? (Answer to the nearest penny.)
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
