Question
John purchased a $20,000 par value bond at a yield of 6%. The bond has coupon rate of 4% paid semi-annually and matures in exactly
John purchased a $20,000 par value bond at a yield of 6%. The bond has coupon rate of 4% paid
semi-annually and matures in exactly 4 years. What is the price of this bond?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
