Jill is interested in a 8-year bond which pays a coupon of 6.1 percent annually and trades
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Question:
Jill is interested in a 8-year bond which pays a coupon of 6.1 percent annually and trades at a yield of 13.5% per annum. The face value is $1,000. What is the current price of this bond? (to the nearest cent)
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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