Question
A treasury bond that had an original maturity of 30 years was issued in November of 2008.The coupon is 9% and the yield is 5.2%.The
A treasury bond that had an original maturity of 30 years was issued in November of 2008.The coupon is 9% and the yield is 5.2%.The bond matures in November of 2038.How does the price compare to the par amount?
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Get StartedRecommended Textbook for
Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
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