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Compute the price of a T-bond maturing in 2 years that has a 8% semi-annual coupon, a $16 million face value, and a yield of
Compute the price of a T-bond maturing in 2 years that has a 8% semi-annual coupon, a $16 million face value, and a yield of 4%. State your answer in millions and round to 2 decimals using no symbols, commas, or formats. For example, a price of $4,256,930.75 should be entered as 4.26 . Your Answer: 16.62 Step by Step Solution
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Probability For Risk Management
Authors: Matthew J. Hassett, Donald G. Stewart
2nd Edition
156698548X, 978-1566985482
