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Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869Macroeconomics 5th Edition by Olivier Blanchard
Edition 5ISBN: 978-0132159869 Exercise 1
Determine the yield to maturity of each of the following bonds:
a. A discount bond with a face value of $1,000, a maturity of three years, and a price of $800.
b. A discount bond with a face value of $1,000, a maturity of four years, and a price of $800.
c. A discount bond with a face value of $1,000, a maturity of four years, and a price of $850.
a. A discount bond with a face value of $1,000, a maturity of three years, and a price of $800.
b. A discount bond with a face value of $1,000, a maturity of four years, and a price of $800.
c. A discount bond with a face value of $1,000, a maturity of four years, and a price of $850.
Explanation
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(a) To calculate the yield to maturity o...
Macroeconomics 5th Edition by Olivier Blanchard
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