The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.7% AP

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The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.7% AP

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The Yield To Maturity Of A 1 000 Bond With A 6 7 Coupon Rate Semiannual Coupons And Two Years To Maturity Is 8 7 Ap 1
The Yield To Maturity Of A 1 000 Bond With A 6 7 Coupon Rate Semiannual Coupons And Two Years To Maturity Is 8 7 Ap 1 (8.81 KiB) Viewed 11 times
The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually. What is its price?
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