Question
Calculate the price of a 6.1 percent coupon bond with 17 years left to maturity and a market interest rate of 4.6 percent. (Assume interest
Calculate the price of a 6.1 percent coupon bond with 17 years left to maturity and a market interest rate of 4.6 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Bond Price:
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Managerial Finance Essentials
Authors: Charles O. Kroncke, Alan E. Grunewald, Erwin Esser Nemmers
2nd Edition
0829901590, 978-0829901597
