What is the market price of a bond that matures in 25 years, and has a coupon

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What is the market price of a bond that matures in 25 years, and has a coupon rate of 8% paid semiannually while the yield is 9%? The bond's face value is $1000

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 04, 2024 01:39 AM

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What is the market price of a bond that matures in 25 years, and has a coupon

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To calculate the market price of the bond we can use the present value of a bond formula which consi... View the full answer

Personal Finance

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