Question
In November 2019 you purchase a 5 year Government bond with a $3,000 face value. The bond has an annual coupon rate of 4%, paid
In November 2019 you purchase a 5 year Government bond with a $3,000 face value. The bond has an annual coupon rate of 4%, paid semi-annually. If the required rate of return is 2% , what is the price of the bond?
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Financial Accounting An Introduction
Authors: Alex Watson, Jacqui Kew
5th Edition
0190425520, 978-0190425524
