Question
A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.7673%. 1) What
A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.7673%.
1) What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.
$_______
2) What is the bond's YTM? Do not round intermediate calculations. Round your answers to two decimal places.
____%
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
