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The yield to maturity of a $1,000 bond with a 7.2% coupon rate, semi-annual coupons, and two years to maturity is 8.4% APR, compounded semi-annually.
The yield to maturity of a $1,000 bond with a 7.2% coupon rate, semi-annual coupons, and two years to maturity is 8.4% APR, compounded semi-annually. What must its price be? The price of the bond is $ (Round to the nearest cent.)
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
