Question
An investor is considering the purchase of a 13-year U.S. Treasury note that bears a 5% coupon rate with interest payments made semiannually. The bond's
An investor is considering the purchase of a 13-year U.S. Treasury note that bears a 5% coupon rate with interest payments made semiannually. The bond's par value is $1,000 and is currently priced to yield 7.6%. What is the price of the bond?
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
