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The yield of maturity of a $1,000 bond with a 6.5% coupon rate, semiannual coupons, and two years to maturity is 8.4% APR, compounded semiannually.
The yield of maturity of a $1,000 bond with a 6.5% coupon rate, semiannual coupons, and two years to maturity is 8.4% APR, compounded semiannually. What is its price?
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Problems In State High School Finance
Authors: Julian Edward Butterworth
1st Edition
0554798298, 9780554798295
