Question
A seasoned coupon Treasury Bond currently has 12 years to maturity, a 1000 dollar face value, and a coupon rate of 7 percent (paid semi-annually).
A seasoned coupon Treasury Bond currently has 12 years to maturity, a 1000 dollar face value, and a coupon rate of 7 percent (paid semi-annually). The current yield to maturity on the bond is 5 percent APR (compounded semi-annually). What is the price of the bond? Show your work.
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
