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The function s(t) = 0.065 + 0.009t gives the effective annual rate of a zero coupon bond of maturity t, with t in years. Find
The function s(t) = 0.065 + 0.009t gives the effective annual rate of a zero coupon bond of maturity t, with t in years. Find the price of a 2 year coupon bond with semiannual coupons of 6% and a face/redemption value of $700,000.
Answer correct to 2 decimals.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
