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The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semi-annual coupons, and two years to maturity is 7.7% APR, compounded
The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semi-annual coupons, and two years to maturity is 7.7% APR, compounded semi-annually. What must its price be? The price of the bond is $ (Round to the nearest cent.)
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
