Question
A fixed coupon bond which has 20 years left until maturity has a coupon rate of 6.0% paid semiannually. If the yield of this bond
A fixed coupon bond which has 20 years left until maturity has a coupon rate of 6.0% paid semiannually. If the yield of this bond is 6.2 the bond's price is? Par value is 1,000.
Please show how you got the answer. Thanks
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
