Question
Compute the price of a 5.2 percent coupon bond with 10 years left to maturity and a market interest rate of 8.2 percent. (Assume interest
| Compute the price of a 5.2 percent coupon bond with 10 years left to maturity and a market interest rate of 8.2 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Bond price | $ |
| Is this a discount or premium bond? |
| Discount bond Premium bond |
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
