Question
Compute the price of a 6.4 percent coupon bond with ten years left to maturity and a market interest rate of 8.0 percent. (Assume interest
Compute the price of a 6.4 percent coupon bond with ten years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.)(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Bond price$
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
