Question
A 7.7% coupon bearing bond pays interest semi-annually and has a maturity of 6 years. If the annual yield to maturity is 7.9%, what is
A 7.7% coupon bearing bond pays interest semi-annually and has a maturity of 6 years. If the annual yield to maturity is 7.9%, what is the current price of this bond? (Answer to the nearest penny.)
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
