Compute the price of a $1,000 par value, 20 percent (semi-annual payment) coupon bond with 15 years remaining until maturity assuming that the bond's yield to maturity is 11 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).

Compute the price of a $1,000 par value, 20 percent (semi-annual payment) coupon bond with 15 years remaining until maturity assuming that the bond's yield to maturity is 11 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).

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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Question

Compute the price of a $1,000 par value, 20 percent (semi-annual
payment) coupon bond with 15 years remaining until maturity assuming
that the bond's yield to maturity is 11 percent? (Round your answer to 2
decimal places and record your answer without dollar sign or commas).

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Similar questions

Compute the price of a $1,000 par value, 20 percent (semi-annual payment) coupon bond with 15 years remaining until maturity assuming that the bond's yield to maturity is 11 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).
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