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The yield to maturity for a semi-annual bond with a face value of $1000 and a coupon rate of 4% (compunded semi- annually) is 5%.
The yield to maturity for a semi-annual bond with a face value of $1000 and a coupon rate of 4% (compunded semi- annually) is 5%. If there are 11 coupon payments remaining, then the price of the bond is Multiple Choice O O O O $916.94 $952.43 $1048.93 $1087.60
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
