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Problem 7.LO4.16 Question Help AU.S. Government 2-year T-Note has a face value of $1,000 and pays annual coupons of $85. The first coupon is
Problem 7.LO4.16 Question Help AU.S. Government 2-year T-Note has a face value of $1,000 and pays annual coupons of $85. The first coupon is due in one year. What is the correct price for the coupon bond today? Use the term structure of interest rates shown below. Term 1-year 2-years Spot Rate 6.0% 7.0% The correct price for the coupon bond today is $ (Round to the nearest cent.)
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
