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Consider a 6-year, semi-annual coupon bond with a 5% coupon rate. The bond has a par value of $1,000. What is the bond's price
Consider a 6-year, semi-annual coupon bond with a 5% coupon rate. The bond has a par value of $1,000. What is the bond's price today if the yield-to-maturity is 7.2%? Round your answer to two decimal places and enter the number without the dollar sign.
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
