A corporate bond has 1 7 years to maturity, a face value of $ 1 , 0

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Question:

A corporate bond has

17

years to maturity, a face value of $

1, 000,

a coupon rate of

5.5 %

and pays coupon twice a year. The annual market interest rate for similar bonds is

3 % .

Part

1

What is the price of the bond

(

in $

) ?

Posted Date: May 18, 2024 11:09 PM

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A corporate bond has 1 7 years to maturity, a face value of $ 1 , 0

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