Question
Please answer the following: The present value of a bond is $850.42, the bond pays a quarterly coupon, it also has a coupon rate of
Please answer the following: The present value of a bond is $850.42, the bond pays a quarterly coupon, it also has a coupon rate of 4 percent, it has a yield to maturity of 6 percent, a par value of $1,000. How many years does it have until it matures?
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
