Question
BUBBLE LLC has a $5,000 par value bond outstanding with a coupon rate of 6.2 percent paid semiannually and 10 years to maturity. The yield
BUBBLE LLC has a $5,000 par value bond outstanding with a coupon rate of 6.2 percent paid semiannually and 10 years to maturity. The yield to maturity of the bond is 4.8 percent. What is the price of the bond?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
