Question
Problem 10-4 A bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 6.1 percent. What
Problem 10-4
| A bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 6.1 percent. What is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Price of the bond | $ |
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
