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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 8.9% 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 8.9% APR, compounded semiannually. What is its price?
The price of the bond is ?____
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Options Trading For Beginners
Authors: Mike Hartley
1st Edition
979-8864514832
