Question
Price and yield A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of
Price and yield
A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.9467%. What is the bond's price? Round your answer to the nearest cent. $ What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places. %
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
