Question
Problem 7-13 Price and yield A 6% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current
Problem 7-13 Price and yield
A 6% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 6.8307%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the bond's YTM? (Hint: Refer to for the definition of the current yield and to ) Do not round intermediate calculations. Round your answers to two decimal places. %
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
