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Suppose a 7-year bond has a face value of $1,000 and has a semi-annual YTM of 0.074. It pays semi-annual coupons of 8%. What is
Suppose a 7-year bond has a face value of $1,000 and has a semi-annual YTM of 0.074. It pays semi-annual coupons of 8%. What is the bonds price? Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number. E.g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6, $7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong
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