Question
You purchase a bond that pays a semi-annual coupon with a coupon rate of 1.1%. The bond current yield is 6.2% and has a par
You purchase a bond that pays a semi-annual coupon with a coupon rate of 1.1%. The bond current yield is 6.2% and has a par value of $1,000. What is the price? (Round to the nearest cent.)
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
