Question
Consider a 3-year bond with annual payments, the principal payment of $100 at maturity, and the coupon rate of 5.75%. The yield to maturity on
Consider a 3-year bond with annual payments, the principal payment of $100 at maturity, and the coupon rate of 5.75%.
The yield to maturity on this bond is quoted at 6.55%. What is the current price of the bond?
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The Theory And Practice Of Investment Management
Authors: Frank J Fabozzi, Harry M Markowitz
2nd Edition
0470929901, 9780470929902
