Calculate price of the bond
Question: You intend to buy a ten (10) year, $1,000 face value bond that pays interest of dollar 60 every six months. Its yield to maturity is ten percent with semiannual compounding. Calculate the price of the bond?
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You intend to buy a ten (10) year, $1,000 face value bond that pays interest of dollar 60 every six months. Its yield to maturity is ten percent with semiannual compounding.
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