The yield to maturity of a 1000 bond with a 68 coupon rate


The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semiannual coupons, and two years to maturity is 8.1% APR, compounded semiannually. What is its price?

The price of the bond is $_ (round to the nearest cent)

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Financial Management: The yield to maturity of a 1000 bond with a 68 coupon rate
Reference No:- TGS02378823

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