A bond has $ 86000 face value and the coupon rate of the bond is 4.6 %

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A bond has $ 86000 face value and the coupon rate of the bond is 4.6 % (APR). The YTM of the bond is 7.5 %. What is the fair price of the band assuming that the maturity of the bond is 6 years and the bond pays coupon in every 4 months?

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Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: Jan 06, 2021 11:33 PM

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A bond has $ 86000 face value and the coupon rate of the bond is 4.6 %

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The fair price of the bo... View the full answer

Personal Finance Turning Money into Wealth

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