Question
A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.8584%. What is
A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.8584%.
What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.
What is the bond's YTM?
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Behavioral Finance And Wealth Management
Authors: Michael M. Pompian
2nd Edition
1118014324, 978-1118014325
