Question:What is the value of a 18-year, 7.5% coupon, $1,000 face value
bond that pays quarterly...
Question
What is the value of a 18-year, 7.5% coupon, $1,000 face value
bond that pays quarterly...
What is the value of a 18-year, 7.5% coupon, $1,000 face value
bond that pays quarterly coupons, if its yield to maturity is 7%?
Round to the nearest cent.