Question
union local school district has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 18 years to maturity. the yield to maturity
union local school district has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 18 years to maturity. the yield to maturity on these bonds is 3.9 percent and the bonds have a par value of 10.000 dollars. what is the dollar price of each bond?
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Contemporary Issues In Quantitative Finance
Authors: Ahmet Can Inci
1st Edition
1032101121, 978-1032101125
