Question
The yield to maturity of bonds that have a face value of $1,000, semi-annual coupons, a coupon rate of 4.60%, and 6 years to maturity
The yield to maturity of bonds that have a face value of $1,000, semi-annual coupons, a coupon rate of 4.60%, and 6 years to maturity is 5.20% (semi-annually compounded). What is the current market price of these bonds?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
