Today is February 15 2008
Issue Date: Aug 2003
Coupon Rate 9.00%
Maturity Date: 8-15-2008
What is the price of the August 2003 treasury bond with semiannual payment (assume a $100000 par value) with the yield to maturity from the information
What is the current yield of this bond?
Why is the current yield higher than the yield to maturity?
Make sure to round all intermediate calculations to at least 6 decimal places and round answer to the nearest cent.
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