Question
Can someone please help me. I'm lost with question. Please explain answers so I can learn. Thank you. A 7% semiannual coupon bond matures in
Can someone please help me. I'm lost with question. Please explain answers so I can learn. Thank you.
A 7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 7.4892%.
What is the bond's price? Do not round intermediate calculations.
$
What is the bond's YTM? Do not round intermediate calculations.
%
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
