Question
A four year annual $1000 par bond has a coupon rate of 3%. Use the following table, Year Spot Rate 1 2.00% 2 3.00% 3
A four year annual $1000 par bond has a coupon rate of 3%. Use the following table,
Year Spot Rate
1 2.00%
2 3.00%
3 3.50%
4 4.00%
The price P of the bond is , use this price, the yield rate to maturity of this bond is .
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
