Question
A bond has a par value of $1,000, a current yield of 7.13 percent, and semiannual coupon payments. The bond is quoted at 96.88. What
A bond has a par value of $1,000, a current yield of 7.13 percent, and semiannual coupon payments. The bond is quoted at 96.88. What is the coupon rate of the bond?
Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.31 percent and semiannual payments. The bond matures in 19 years, with a yield to maturity of 3.93 percent, and a par value of $5,000. What is the market price of the bond?
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
