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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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
