What is a fair price of a 28-year semi-annual coupon bond, with a coupon rate of 5.15%,

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What is a fair price of a 28-year semi-annual coupon bond, with a coupon rate of 5.15%, a face value of $1000, and a yield-to-maturity of 9.81%? What is the yield?

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Corporate Finance

ISBN: 9781265533199

13th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Apr 20, 2024 06:00 AM

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What is a fair price of a 28-year semi-annual coupon bond, with a coupon rate of 5.15%,

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To calculate the fair price of the bond we can use the formula for the present value of ... View the full answer

Corporate Finance

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