Question
Four years ago, you purchased a 20-year, 6.55 percent annual coupon bond at a price of $1,096.15. The bond's face value is $1,000. Just after
Four years ago, you purchased a 20-year, 6.55 percent annual coupon bond at a price of $1,096.15. The bond's face value is $1,000. Just after purchasing the bond, its yield to maturity decreased to 3.97 percent and has remained at that level. Calculate the price of your bond today
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
