Question
Consider a coupon bond that has 4 years left until maturity and pays a $38 coupon each six months. If the face value is $1,000
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Consider a coupon bond that has 4 years left until maturity and pays a $38 coupon each six months. If the face value is $1,000 and the YTM is currently 6.5%, what is the current price of the bond?
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$1,038.20
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$892.23
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$1,302.16
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$945.09
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Financial Management Of Financial Institutions
Authors: George H Hempel
1st Edition
0133159604, 9780133159608
