Please provide the correct answer I been having serious trouble with getting the right answer. There is a bond with a coupon of 7.4 percent, six years to maturity, and a current price of $1,029.90. What is the dollar value of an 01 for the bond? Note: Do not round intermediate calculations. Round your answer to 4 decimal places.
Please provide the correct answer I been having serious trouble with getting the right answer. There is a bond with a coupon of 7.4 percent, six years to maturity, and a current price of $1,029.90. What is the dollar value of an 01 for the bond? Note: Do not round intermediate calculations. Round your answer to 4 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please provide the correct answer I been having serious trouble with getting the right answer.
There is a bond with a coupon of 7.4 percent, six years to maturity, and a current price of $1,029.90. What is the dollar value of an 01 for the bond?
Note: Do not round intermediate calculations. Round your answer to 4 decimal places.
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