Question
The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semiannual coupons, and two years to maturity is 8.6% APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semiannual coupons, and two years to maturity is 8.6% APR, compounded semiannually. What is its price? The price of the bond is $_ (round to the nearest cent)
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Handbook Of Heavy Tailed Distributions In Finance
Authors: S.T Rachev
1st Edition
0444508961, 9780444508966
