Question
suppose a seven-year, $1,000 bond with a 5.82% coupon rate and semiannual coupons is trading with a yield to maturity of 3.46%. If the yield
suppose a seven-year, $1,000 bond with a 5.82% coupon rate and semiannual coupons is trading with a yield to maturity of 3.46%. If the yield to maturity of the bond rises to 4.42% (apr with semiannual compounding), at what price will the bond trade?
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
