Question
in the yield to maturity of a 3% coupon bond (paying 1 1/2% every six months) with 20 years left to maturity is 2%, what
in the yield to maturity of a 3% coupon bond (paying 1 1/2% every six months) with 20 years left to maturity is 2%, what should be the current price of the bond? Round your answer to the nearest whole dollar with no decimal.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
