Question
You are looking to purchase a bond with 26 years maturity, 6.5% coupon rate, annual coupons, and $100 face value trading at a yield to
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You are looking to purchase a bond with 26 years maturity, 6.5% coupon rate, annual coupons, and $100 face value trading at a yield to maturity of 5.1%. What is the price of the bond?
(please round your answer to the nearest penny)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
