Question
There is a bond with a coupon of 7.8 percent, eight years to maturity, and a current price of $1,034.50. What is the dollar value
There is a bond with a coupon of 7.8 percent, eight years to maturity, and a current price of $1,034.50. What is the dollar value of an 01 for the bond?
Note: Do not round intermediate calculations. Round your answer to 4 decimal places.
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
