Question
The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.8% APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.8%
APR, compounded semiannually. What is its price?
The price of the bond is$ () (enter your response here.)
(Round to the nearest cent.)
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Public Finance Lessons From The Past And Effects On The Future
Authors: Miguel-Angel Galindo Martin
1st Edition
1629481491, 978-1629481494
