Given the following bond quote: Maturity Date: 11/15/2045 Coupon Rate: 3%, semi-annual payments Bid Price: 97.8281% of

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Given the following bond quote:

Maturity Date: 11/15/2045

Coupon Rate: 3%, semi-annual payments

Bid Price: 97.8281% of par

Ask Price: 97.8594% of par

Change: 0.5391%

Ask Yield: 2.603%

Calculate the price an investor would receive for selling $30,000 of par value in this bond.

Calculate the price an investor would pay to purchase $50,000 of par value in this bond.

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Corporate Finance

ISBN: 9781265533199

13th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Jan 11, 2024 05:59 AM

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Given the following bond quote: Maturity Date: 11/15/2045 Coupon Rate: 3%, semi-annual payments Bid Price: 97.8281% of

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To calculate the price an investor would receive for selling 30000 of par value in this bond we ca... View the full answer

Corporate Finance

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