Question: can you include the formula 4) Manning services floats a bond in the market a 6.5% coupon bond with annual payments. The bond stipulates that

can you include the formula
can you include the formula 4) Manning services floats a bond in

4) Manning services floats a bond in the market a 6.5% coupon bond with annual payments. The bond stipulates that the yield to maturity is 6.71% and the maturity date is 7 years from today. Calculate the price of the bond if the face value of the bond is $1,000. Comment on the characteristics of this bond. (15 marks)

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