Question
a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 7.95 percent. The bonds mature in 15 years.
a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 7.95 percent. The bonds mature in 15 years. What is the market price of a $1,000 face value bond?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
