Question
A 6-year bond is priced at $916.16. The coupon rate on the bond is 10% and coupons are paid semiannually. The yield on the bond
A 6-year bond is priced at $916.16. The coupon rate on the bond is 10% and coupons are paid semiannually. The yield on the bond is 12%. Over the life of the bond, what is the reinvestment interest (or interests-on-interests) on the bond?
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
