Consider a $1,000 corporate bond with a 3.5% coupon that pays interest quarterly and matures in five
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Consider a $1,000 corporate bond with a 3.5% coupon that pays interest quarterly and matures in five years. If its yield to maturity is 4%, its price would be closest to?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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