Question
A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 3.8%. Time to maturity is 21 years and the current
A semi-annual coupon bond has a face value of $1,000 and a coupon rate of 3.8%. Time to maturity is 21 years and the current yield to maturity is 2.8%. How much is this bond worth? Round to the nearest cent.
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
