Question
A bond with 24 years until maturity has a coupon rate of 6.8 percent and a yield to maturity of 7.1 percent. What is the
A bond with 24 years until maturity has a coupon rate of 6.8 percent and a yield to maturity of 7.1 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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Performance Measurement In Finance
Authors: John Knight, Stephen Satchell, Nathalie Farah
1st Edition
0750650265, 978-0750650267
