Question
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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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
