Question
A bond has a coupon rate of 9.2 percent and 6 years until maturity. If the yield to maturity is 8.5 percent, what is the
A bond has a coupon rate of 9.2 percent and 6 years until maturity. If the yield to maturity is 8.5 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.)
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
