You have a 30-year Treasury of $1,000 face value with annual 7% coupons paid semi- annually. It has 6 years left to maturity. The Yield to Maturity (YTM) of this bond is 6.05%. What is its price?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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You have a 30-year Treasury of $1,000 face value with annual 7% coupons paid semi-
annually. It has 6 years left to maturity. The Yield to Maturity (YTM) of this bond is 6.05%.
What is its price?
Transcribed Image Text:You have a 30-year Treasury of $1,000 face value with annual 7% coupons paid semi- annually. It has 6 years left to maturity. The Yield to Maturity (YTM) of this bond is 6.05%. What is its price?
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