Question
What is the price of a $1,000 par value bond with a 5% coupon rate paid semiannually, if the bond is priced to yield 3
What is the price of a $1,000 par value bond with a 5% coupon rate paid semiannually,
if the bond is priced to yield 3% and it has 10 years to maturity?
Input a POSITIVE number and round-off to an integer.
[Note: N is NOT 10 because it is semiannual; N = 20]
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
