Question
A bond has a 8% coupon rate, 3 years until maturity, a 6% yield to maturity (interest rate), semiannual payments, and has $1000 face value.
A bond has a 8% coupon rate, 3 years until maturity, a 6% yield to maturity (interest rate), semiannual payments, and has $1000 face value. Using a financial calculator (or Excel), solve for the bond price
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
