Question
A Treasury bond that pays a 3% coupon matures in 28 years and yields 2.7%. Recognizing that coupons are paid semi-annually, calculate the bond's price.
A Treasury bond that pays a 3% coupon matures in 28 years and yields 2.7%. Recognizing that coupons are paid semi-annually, calculate the bond's price. Assume a face value of $1,000.
Question 7 options:
|
| $1,058.68 |
|
| $943.71 |
|
| $1,058.41 |
|
| $943.44 |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
