Coupons are paid semi-annually the yield-to-maturity is 3


The Carter Company's bonds mature in 20 years have a par value of $1,000 and an annual coupon rate of 6%. Coupons are paid semi-annually. The yield-to-maturity is 3%. What should be the price of these bonds?

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Finance Basics: Coupons are paid semi-annually the yield-to-maturity is 3
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