Question
Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 4%, with coupons paid semiannually. Find the market
Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 4%, with coupons paid semiannually. Find the market price of the bond if the yield rate is 3% compounded semiannually. ( I got 1174.99 but the system says its wrong)
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Algebra Foundations Prealgebra, Algebra & Intermediate Algebra (subscription)
Authors: Elayn Martin Gay
2nd Edition
0135257506, 9780135257500
