Question
Tennieh a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. The yield to maturity is 6.7 percent and the bond matures
Tennieh a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. The yield to maturity is 6.7 percent and the bond matures in 18 years. What is the market price if the bond has a par value of $1,000?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
