The bond has an annual coupon rate of 5 paid semiannually
In January 2014 you purchase a four-year U.S. government bond with a face value of $1,000. The bond has an annual coupon rate of 5%, paid semiannually. If you demand a 3.45% semiannual return, what is the price of the bond?
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in january 2014 you purchase a four-year us government bond with a face value of 1000 the bond has an annual coupon
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