A bond that has a face value of $3,000 and coupon rate of 2.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase
A bond that has a face value of $3,000 and coupon rate of 2.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 2.90% compounded semi-annually.
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
