Description of this paper

A$1,000facevaluebondcurrentlyhasayieldtomaturityof6.59percent.

Description

solution


Question

A$1,000facevaluebondcurrentlyhasayieldtomaturityof6.59percent.Thebondmaturesin;3yearsandpaysinterestannually.Thecouponrateis7percent.Whatisthecurrentpriceofthis;bond?

 

Paper#28208 | Written in 18-Jul-2015

Price : $27
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