Question
A 5-year U.S. Treasury bond with a face value of $10,000 pays a coupon of 6.00% (3.000% of face value every six months). The semiannually
A 5-year U.S. Treasury bond with a face value of $10,000 pays a coupon of 6.00% (3.000% of face value every six months). The semiannually compounded interest rate is 5.6% (a six-month discount rate of 5.6/2 = 2.8%). What is the present value of the bond?
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
9781284081015
