Question
There is a bond with a coupon of 6.2 percent, five years to maturity, and a current price of $1,064.40. What is the dollar value
There is a bond with a coupon of 6.2 percent, five years to maturity, and a current price of $1,064.40. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Dollar value of an 01:
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
