Question
XXX bonds have a 15-year maturity, $1,000 par value, and a 6% coupon paid semiannually, and those bonds sell at their par value.YYY bonds have
XXX bonds have a 15-year maturity, $1,000 par value, and a 6% coupon paid semiannually, and those bonds sell at their par value.YYY bonds have the same risk, maturity, and par value, but the YYY bonds pay a 5.5% quarterly coupon.At what price should the quarterly payment bond sell?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
