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In February 2019 you purchase a three-year U.S. government bond. The bond has an annual coupon rate of 11.25%, paid semi-annually. If investors demand
In February 2019 you purchase a three-year U.S. government bond. The bond has an annual coupon rate of 11.25%, paid semi-annually. If investors demand a 0.17% (annual) return compounded semi-annually, what is the price of the bond?
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Forensic Accounting
Authors: Robert Rufus, Laura Miller, William Hahn
1st Edition
133427528, 133050475, 9780133427523, 978-0133050479
