Question
QUESTION 17 A 6.4% coupon bearing bond pays interest semi-annually and has a maturity of 18 years. If the annual yield to maturity is 7.4%,
QUESTION 17
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A 6.4% coupon bearing bond pays interest semi-annually and has a maturity of 18 years. If the annual yield to maturity is 7.4%, what is the current price of this bond? (Answer to the nearest penny, i.e. 999.99 but do not use a $ sign.)
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Create Wealth Over The Long Run Give Yourself The Life You Deserve
Authors: Micheal J. Bess
1st Edition
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