What is the value of a 9-year, 7.2% coupon, $1,000 face value bond that pays quarterly...

What is the value of a 9-year, 7.2% coupon, $1,000 face value bond that pays quarterly coupons, if its yield to maturity is 3.9%? Round to the nearest cent.

Expert Solution

jeff jeffy answered 2 years ago

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