Question
The yield to maturity of a $ 1000 bond with a 6.6 % coupon rate, semiannual coupons, and two years to maturity is 8.3 %
The yield to maturity of a $ 1000 bond with a 6.6 % coupon rate, semiannual coupons, and two years to maturity is 8.3 % APR, compounded semiannually. What is its price? The price of the bond is $
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
