A 10,000 face value coupon bond is bought on 2/10/2020 and matures in two years on 3/1/2022.
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Question:
A 10,000 face value coupon bond is bought on 2/10/2020 and matures in two years on 3/1/2022. It pays an annual coupon payment of $260 and has a current yield to maturity of 1.131%
What is the current selling price?
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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