Question
On June 1, 2016, the US Treasury issued new 20-year, $1,000 par value bonds paying 5.20% coupon semiannually. On June 1, 2019, similar T-bonds were
On June 1, 2016, the US Treasury issued new 20-year, $1,000 par value bonds paying 5.20% coupon semiannually. On June 1, 2019, similar T-bonds were paying 5.60% coupons. What was the market value of the 2016 bonds as of June 1, 2020?
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
