A bond that matures in 6 years has a par value of $1,000, an annual coupon payment
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A bond that matures in 6 years has a par value of $1,000, an annual coupon payment of $80, and a market interest rate of 9%. What is its price?
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To calculate the price of a bond you can use the formula for the present value of a bond which is th...View the full answer
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Megha Humraskar
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Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
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