Question
A bond has a coupon rate of 8.9 percent and 5 years until maturity. If the yield to maturity is 9.7 percent, what is the
A bond has a coupon rate of 8.9 percent and 5 years until maturity. If the yield to maturity is 9.7 percent, what is the price of the bond?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
