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c) A bond has a $1000 par value, a 6% coupon (paid semi-annually) and matures in exactly 3 years. Its yield to maturity is 6%.
c) A bond has a $1000 par value, a 6% coupon (paid semi-annually) and matures in exactly 3 years. Its yield to maturity is 6%. 1) What is the price of this bond? ii) How much accrued interest would you have to pay if you purchased this bond exactly 4 months from now
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
14th Edition
