Assume semi-annual payments. A bond has a coupon rate of 2.8% when yields are 3.17%. If the

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Assume semi-annual payments. A bond has a coupon rate of 2.8% when yields are 3.17%. If the bond has 23 years to maturity, what is the price of the bond?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Posted Date: Jun 26, 2023 06:47 AM

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Assume semi-annual payments. A bond has a coupon rate of 2.8% when yields are 3.17%. If the

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SOLUTION To calculate the price of the bond we need to discount the semiannual coupon payments and the final repayment of the face value par value usi... View the full answer

Fundamentals of Corporate Finance

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