Question
A bond with a 10 year maturity, a coupon rate of 5% and a face value of $1000. The bond pays interest semiannually. What is
A bond with a 10 year maturity, a coupon rate of 5% and a face value of $1000. The bond pays interest semiannually. What is the bond's price if the yield is 4% compounded semiannually (2% per six months)?
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
