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Consider a treasury bond purchased with a settlement date of October 18,1999 . The last coupon payment was July 1, 1999 and next coupon payment
Consider a treasury bond purchased with a settlement date of October 18,1999 . The last coupon payment was July 1, 1999 and next coupon payment is January 1, 2000. The bond matures on July 1,2005. The bond pays a semiannual coupon of 8 percent and the yield to maturity on the bond is 6 percent. Find the price of the bond using the BOND function in the financial calculator a. $1096.55 b. $995 c. $1046.20395 d. $1095.2673
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