Question
What is the market value of a 3.8 percent coupon bond with semiannual payments, a yield to maturity of 3.5 percent, a par value of
What is the market value of a 3.8 percent coupon bond with semiannual payments, a yield to maturity of 3.5 percent, a par value of $1000, and a maturity date in exactly 5 years?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
