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On 15 August 1996, the U.S. Treasury issued a bond maturing on 15 February 2026. The bond has a coupon rate of 6%, payable semiannually
- On 15 August 1996, the U.S. Treasury issued a bond maturing on 15 February 2026. The bond has a coupon rate of 6%, payable semiannually on 15 February and 15 August. If a $100 face value bond is selling for $117.25 on 15 February 2020, compute the bonds yield to maturity.
- Compute the above bonds duration on 15 February 2020.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
