Determine the selling price, per $1,000 maturity value, of a 10-year, 4.835% bond, with a yield of 4.87%. (Assume twice-yearly interest payments.) Round your answer to the nearest cent.

$__________

Question

Determine the selling price, per $1,000 maturity value, of a 10-year, 4.835% bond, with a yield of 4.87%. (Assume twice-yearly interest payments.) Round your answer to the nearest cent.
​
$__________

Quizplus · Accepted Answer

The Answer of Determine the selling price, per $1,000 maturity value, of a 10-year, 4.835% bond, with a yield of 4.87%. (Assume twice-yearly interest payments.) Round your answer to the nearest cent.
​
$__________

Determine the Selling Price, Per $1,000 Maturity Value, of a 10-Year