A bond with6years to maturity and sells at par pays coupons semi-annually at a rate of8.6percent. Another

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A bond with6years to maturity and sells at par pays coupons semi-annually at a rate of8.6percent. Another bond of equal risk and maturity pays coupons annually at a rate of8.6percent. Both bonds have face values of $1,000.

What is the price of the bond that pays annual coupons?

Posted Date: May 18, 2024 07:05 PM

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A bond with6years to maturity and sells at par pays coupons semi-annually at a rate of8.6percent. Another

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