Question
A bond has a coupon rate of 6.5 percent and 6 years until maturity. If the yield to maturity is 7.2 percent, what is the
| A bond has a coupon rate of 6.5 percent and 6 years until maturity. If the yield to maturity is 7.2 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Price of the bond | $ |
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Multifractal Financial Markets An Alternative Approach To Asset And Risk Management
Authors: Yasmine Hayek Kobeissi
1st Edition
1461444896, 978-1461444893
