Question
A 5-year maturity treasury note has a yield to maturity of 3%.Its par value is $1,000, it makes semi-annual payments (twice per year), and its
A 5-year maturity treasury note has a yield to maturity of 3%.Its par value is $1,000, it makes semi-annual payments (twice per year), and its coupon rate is 4%.What is this bond's current price?The first coupon arrives in 6 months.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
