Question
The function s ( t ) = 0.055 + 0.003 t gives the effective annual rate of a zero coupon bond of maturity t ,
The functions(t) = 0.055 + 0.003tgives the effective annual rate of a zero coupon bond of maturityt, withtin years. Find the price of a 2 year coupon bond with semiannual coupons of 10% and a face/redemption value of$600,000.
Keep all decimal places until end. Round to 2 decimal places for the final answer.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
