Question
In February 2015 Treasury 3 1/8s of 2039 offered a semiannually compounded yield to maturity of 3.06%. Recognizing that coupons are paid semiannually, calculate the
In February 2015 Treasury 3 1/8s of 2039 offered a semiannually compounded yield to maturity of 3.06%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
