Question
A 6.54 percent, semiannual coupon bond has 13 years left to maturity. The bond has face value of $1,000 and yield to maturity of 7.28
A 6.54 percent, semiannual coupon bond has 13 years left to maturity. The bond has face value of $1,000 and yield to maturity of 7.28 percent. What is the price of the bond?
Group of answer choices
$939.12
$1,063.49
$938.47
$1,064.14
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
