Chapter $13$: Bonds

Homework $-$ Due in $3$ hours

Question $13\mathrm{.}3$

Homework $-$ Answered

Due Today, $11$:$59$ PM

You want to find the value of a corporate bond with an annual coupon rate of $3\%,$ making semi$-$annual coupon payments for $5$ years, after which the bond matures, and the principal must be repaid. Assume a current YTM of $4\%.($round to the nearest cent$)\{$DO INCLUDE COMMAS OR $$\}$

Type your numeric answer and submit

$13534\mathrm{.}16$

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