A government band issued in Germany has a coupon rate of 5% a face value of 100

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A government band issued in Germany has a coupon rate of 5% a face value of 100 euros, and matures in five years. The bond pays annual interest payments. Calculate the price of the bond in euros if the yield to maturity is 5%?

106.77

105.00

106.33

100.00

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Posted Date: Dec 30, 2022 10:23 PM

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A government band issued in Germany has a coupon rate of 5% a face value of 100

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