Question
A bond matures in 7 years. its face value(i.e par value) is 100,772 and semiannually it pays an annual 5.5%coupon interest rate. The yield to
A bond matures in 7 years. its face value(i.e par value) is 100,772 and semiannually it pays an annual 5.5%coupon interest rate. The yield to maturity( i.e the going nominal interest rate) is 5.1% what is the current price of the bond?
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
