Question
A coupon bond that pays interest quarterly has a par value of $1000, matures in 5 years, and has a yield to maturity of 7.5%.
A coupon bond that pays interest quarterly has a par value of $1000, matures in 5 years, and has a yield to maturity of 7.5%. If the coupon rate is 10%, the value of the bond today will be __________. Round the answer to the third decimal space.
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The 30 Minute Stock Trader
Authors: Laurens Bensdorp
1st Edition
1619615738, 978-1619615731
