Question
You have decided to invest in Bond X, an 5-year bond with semi-annual coupons and the following characteristics: Par value is 1,000. The ratio of
You have decided to invest in Bond X, an 5-year bond with semi-annual coupons and the following characteristics: Par value is 1,000. The ratio of the semi-annual coupon rate to the desired semi-annual yield rate, r/i is 0.33333. The present value of the redemption value is 619.82. Given = 0.74726, what is the price of bond X?
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The Basics Of Public Budgeting And Financial Management
Authors: Charles E. Menifield
4th Edition
0761872116, 978-0761872115
