Question
you have just purchased a 15 year $1000 par value bond. The coupon rate on this bond is 7.5% and interest is paid semiannually. If
you have just purchased a 15 year $1000 par value bond. The coupon rate on this bond is 7.5% and interest is paid semiannually. If you require an "effective" annual interest rate of 6.09%, then how much should you have paid for this bond?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
