Question
You are considering the purchase of a $1,000 par value bond with a coupon rate of 5.6% (with interest paid semiannually) that matures in 12
You are considering the purchase of a $1,000 par value bond with a coupon rate of 5.6% (with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 8%, what is the bond's current price?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
