Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Union pacific bonds have a 15 year maturity, a 7.25% semiannual coupon, and par value of 1000. The going interest rate is 8.20%, based on semiannual compounding. What is the bonds price ?
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