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The yield to maturity of a $1,000 bond with a 6.9% 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 6.9% 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.) Step by Step Solution
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
