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MBAA 518 Class at Embry Riddle: Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury bond with three years to maturity (YTM) has a
MBAA 518 Class at Embry Riddle:
- Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury bond with three years to maturity (YTM) has a coupon rate of 6%. The yield to maturity of the bond is 11.0%. Using this information and ignoring the other costs involved, calculate the value of the Treasury bond. Please show your calculations.
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
