Question
The yield to maturity of a $1,000 bond with a 7.0% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 7.0% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What is its price?
The price of the bond is $____. (Round to the nearest cent).
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The New Market Wizards Conversations With Americas Top Traders
Authors: Jack D. Schwager
1st Edition
0887306675, 978-0887306679
