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the yield to maturity of a $1,000 bond with a 7.2% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually.
the yield to maturity of a $1,000 bond with a 7.2% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually. What is its price?
The price of the bond is ____? (Round to nearest cent)
Please show me how you get each number in the formula.
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Financial Analysts Indispensable Pocket Guide
Authors: Ram Ramesh
1st Edition
0071361561, 978-0071361569
