Question
In February 2015 Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2.88%. Recognizing that coupons are paid semiannually, calculate the
In February 2015 Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2.88%. 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.)
Bond price
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
