Question
We have practice questions which come with an answer key. However, I'm struggling to see how the answer comes to fruition with both compound semi
We have practice questions which come with an answer key. However, I'm struggling to see how the answer comes to fruition with both compound semi annual rates and annual rates.
Q. $1000.00, 4% coupon bond with 5 years to maturity. The bond makes semi annual coupon payments and has a yield to maturity of 3.6% annual rate, compounded semi-annually.
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
