Posted: April 17th, 2017
It has a YTM of 5% and the coupons are paid semiannually at a 10% annual rate. What does the bond currently sell for?
A given bond has 5 years to maturity. It has a face value of $1,000. It has a YTM of 5% and the coupons are paid semiannually at a 10% annual rate. What does the bond currently sell for?
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