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
Posted: Sun Jul 03, 2022 6:43 am
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?