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What is the price of a bond with the following features? Face Value = $1,000 Coupon Rate = 2% (stated as an ANNUAL rate) Semiannual
What is the price of a bond with the following features?
- Face Value = $1,000
- Coupon Rate = 2% (stated as an ANNUAL rate)
- Semiannual coupon payments
- Maturity = 5 years
- YTM = 4.8% (Stated as an APR)
State your answer to the nearest penny (e.g., 984.25)
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
