Question
Roadside Markets has a $70 coupon bond outstanding that matures in 12 years. The bond pays interest semiannually. What is the market price per bond
Roadside Markets has a $70 coupon bond outstanding that matures in 12 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent? (round your answer to two decimal places)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
