Ch. 8. ABC Corp. has a $4,000 par value bond outstanding with a coupon rate of 5.3 percent paid semiannually and 16 years to maturity. The yield to maturity of the bond is 3.6 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Format as "X.XXX.XX
Ch. 8. ABC Corp. has a $4,000 par value bond outstanding with a coupon rate of 5.3 percent paid semiannually and 16 years to maturity. The yield to maturity of the bond is 3.6 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Format as "X.XXX.XX
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Ch. 8. ABC Corp. has a $4,000 par
What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Format as "X.XXX.XX"
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