Question
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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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
978-1285453828
