Question
Determine the selling price PV , per $1,000 maturity value, of the bond. HINT [See Example 8.] (Assume twice-yearly interest payments. Round your answer to
Determine the selling price PV, per $1,000 maturity value, of the bond. HINT [See Example 8.] (Assume twice-yearly interest payments. Round your answer to the nearest cent.)
3 year, 4.365% bond, with a yield of 4.455%
PV=$________ ........Answer is NOT 1209.38
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Handbook Of Income Distribution Volume 2B
Authors: Anthony B. Atkinson, Francois Bourguignon
1st Edition
0444594299, 978-0444594297
