6/7 Problem 5 The yield to maturity of a $1,000 bond with a 7.5% coupon...
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Accounting
6/7 Problem 5
The yield to maturity of a $1,000 bond with a 7.5% coupon rate, semiannual coupons, and two years to maturity is 8.4% APR, compounded semiannually. What is its price?
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