Question
Topic 6 Bond Valuation
5. A 20-year bond has a face value of $1,000, a coupon rate of 7.5%, and a yield to maturity of 9.5%. If
the bond pays semiannual coupons, what is the bond's price?
N
I/Y
PV
РМТ
FV

Image Transcription

Topic 6 Bond Valuation 5. A 20-year bond has a face value of $1,000, a coupon rate of 7.5%, and a yield to maturity of 9.5%. If the bond pays semiannual coupons, what is the bond's price? N I/Y PV РМТ FV

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