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Question 28 (1 point) A bond was issued three years ago at a price of $946 with a maturity of six years, a yield-to-maturity (YTM)
Question 28 (1 point) A bond was issued three years ago at a price of $946 with a maturity of six years, a yield-to-maturity (YTM) of 6.25% compounded semi-annually, and a face value of $1,000 with semi-annualy coupons. What is the price of this bond today immediately after the receipt of today's coupon if the YTM has fallen to 5.00% compounded semi-annually? $954 $979 $1,004 $1,029 $1,055
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
7th Canadian Edition
1259650650, 978-1259650659
