Question
The yield to maturity of a $1,000 bond with a 6.7 % coupon rate, semi-annual coupons, and two years to maturity is 8.8 % APR,
The yield to maturity of a $1,000 bond with a 6.7 % coupon rate, semi-annual coupons, and two years to maturity is 8.8 % APR, compounded semi-annually. What must its price be?
The price of the bond is $.
(Round to the nearest cent.)
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Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation
Authors: Erik Hofman, Urs Magnus Strewe, Nicola Bosia
1st Edition
3319623702, 978-3319623702
