Question
A coupon bond has a face value of $1000. with 5.58% coupon rate. It matures in 8 years, and has a yield to maturity of
A coupon bond has a face value of $1000. with 5.58% coupon rate. It matures in 8 years, and has a yield to maturity of 8.20%. What is the price of the bond?
NOTE: Submit your answers with 4 decimals after the dot.
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
