Question
A quarterly coupon bond has a face value of $1,000 and a coupon rate of 6.6%. Time to maturity is 7 years and the current
A quarterly coupon bond has a face value of $1,000 and a coupon rate of 6.6%. Time to maturity is 7 years and the current yield to maturity is 5.3%. How much is this bond worth? Round to the nearest cent.
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Handbook Of Financial Econometrics
Authors: Yacine Ait-Sahalia, Lars Peter Hansen
1st Edition
044450897X, 978-0444508973
