Question
The closing price indicates that the IBM bond is being sold at 103.08% of. face value. Rate: 4 Maturity: (matures in year 2042) 42 years
The closing price indicates that the IBM bond is being sold at 103.08% of. face value.
Rate: 4
Maturity: (matures in year 2042) 42 years
YLD: 3.81
VOL: 110
Close: 103.08
Chg: +0.73%
Where did the (103.08) come from?
What is the proper formula?
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Financial Accounting Tools for Business Decision Making
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7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
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