Question
Lincoln Par Co. has a bond outstanding with coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the
Lincoln Par Co. has a bond outstanding with coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bound matures in 25 years . what the market price if the bound has a par value of $2000?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
