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 8.9408%.
What is the bond's price? Round your answer to the nearest cent.
What is the bond's YTM? Round your answers to two decimal places.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
9th Edition
0324537190, 9780324537192
