Question
A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 5.6%. Time to maturity is 12 years and the current
A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 5.6%. Time to maturity is 12 years and the current yield to maturity is 4.4%. How much is this bond worth? Round to the nearest cent.
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The Structural Foundations Of Monetary Policy
Authors: Michael D. Bordo, John H. Cochrane, Amit Seru
1st Edition
0817921346, 978-0817921347
