The prices and cash flows over the next 3 years of 3 bonds are given in the
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Question:
The prices and cash flows over the next 3 years of 3 bonds are given in the table below. Use this information to answer thequestion.
Bond | Price | Cf1 | Cf2 | Cf3 |
$96.15 | $100 | $0 | $0 | |
$90.70 | $0 | $100 | $0 | |
$83.96 | $0 | $0 | $100 |
What is the value of a $1,000 face value coupon bond that pays an annual 6% coupon and matures in 3 years?
Expert Answer:
To find the value of a 1000 face value coupon bond that pays an annual 6 coupon and matures in 3 yea... View the full answer
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