Question
A 6.7% bond matures in 11 years. The bond pays coupons semiannually, and has a YTM of 6.7%. The price of the bond is $_________.
A 6.7% bond matures in 11 years. The bond pays coupons semiannually, and has a YTM of 6.7%. The price of the bond is $_________. Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: 1234.567 = 1234.57). Do not enter the $ sign.
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Finance For Managers
Authors: E. Martinez Abascal
1st Edition
0077140079, 9780077140076
