A 10,000 face value coupon bond is bought on 2/10/2020 and matures in two years on 3/1/2022.

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A 10,000 face value coupon bond is bought on 2/10/2020 and matures in two years on 3/1/2022. It pays an annual coupon payment of $260 and has a current yield to maturity of 1.131%
What is the current selling price?

Related Book For answer-question

Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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Posted Date: Feb 28, 2024 02:18 AM

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A 10,000 face value coupon bond is bought on 2/10/2020 and matures in two years on 3/1/2022.

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

Corporate Finance Core Principles And Applications

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