Question
How much should you pay for a government bond with a par value of $100,000 that pays a 4.00% semi-annual coupon if the current discount
How much should you pay for a government bond with a par value of $100,000 that pays a 4.00% semi-annual coupon if the current discount rate is 4.20% per year compounded semi-annually and the bond has six years until maturity?
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
