Question
A bond with 15 years until maturity has a coupon rate of 6.4 percent and a yield to maturity of 6.9 percent. What is the
| A bond with 15 years until maturity has a coupon rate of 6.4 percent and a yield to maturity of 6.9 percent. What is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Price of the bond | $ |
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Small Brewery Finance
Authors: Maria Pearman
1st Edition
1938469526, 978-1938469527
