Question
A bond has a 6.5 percent annual coupon rate. It will mature in 6 years, and semi-annual coupon payments are made at the end of
A bond has a 6.5 percent annual coupon rate. It will mature in 6 years, and semi-annual coupon payments are made at the end of each year. Present annual yields on similar bonds are 7.5 percent. What should be the current price?
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
