Calculate the price of a 5.3 percent coupon bond with 15 years left to maturity and...
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Calculate the price of a 5.3 percent coupon bond with 15 years left to maturity and market interest rate of 8.0 percent. (Assume interest payments are semiannual.) Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Is this a discount or premium bond? Calculate the price of a 5.3 percent coupon bond with 15 years left to maturity and market interest rate of 8.0 percent. (Assume interest payments are semiannual.) Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Is this a discount or premium bond?
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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