Question
A bond that has a face value of $4,000 and coupon rate of 2.80% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase
A bond that has a face value of $4,000 and coupon rate of 2.80% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.05% compounded semi-annually.
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
