Question
Suppose Jenna's Treasury bond has a coupon interest rate of 6.5%, paid semi-annually, while current Treasury bonds witht the same maturity date have a yield
Suppose Jenna's Treasury bond has a coupon interest rate of 6.5%, paid semi-annually, while current Treasury bonds witht the same maturity date have a yield to maturity of 5.4435% (expressed as an APR with semiannual compounding). If she has just recieved the bond's 10th coupon, for how much can jenna sell her treasury bond?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
