Question
You just paid $987.50 for a semiannual coupon bond that has coupon rate of 7.84 percent. The bond has face value of $1,000 and is
You just paid $987.50 for a semiannual coupon bond that has coupon rate of 7.84 percent. The bond has face value of $1,000 and is trading with one month to the next coupon date. What was the quoted price of this bond?
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
