garp20-t3-19.14

  1. K

    GARP Book 3 19.14

    Hi Dave, Do you get the same result as the book for question 19.14? My initial bond price calculation (14 coupon periods, semiannual yield of 3%, coupon = 2) gives a price of 88.7039. Then discounted by three months to 87.4026. The book has something different. Have I missed something here?
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