Question
A bond that has 12 years remaining to maturity and has an annual 5.55% coupon. It has a $1,000 face value, and its yield-to-maturity is
A bond that has 12 years remaining to maturity and has an annual 5.55% coupon. It has a $1,000 face value, and its yield-to-maturity is 7.7%. What is the market price of the bond? Maintain 4 decimal places in your intermediate calculations and final answer.
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The Risk Modeling Evaluation Handbook Rethinking Financial Risk Management Methodologies In The Global Capital Markets
Authors: Greg Gregoriou, Christian Hoppe, Carsten Wehn
1st Edition
0071663703, 978-0071663700
