Lee Michaels Jewelers recently issued a 1,000 face, 10 year bond with 12% annual coupon rate paying
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Question:
Lee Michaels Jewelers recently issued a 1,000 face, 10 year bond with 12% annual coupon rate paying semi-annual coupon payments. Real Interest rate is 3% and inflation rate is 2%. Nominal interest rate is the yield to maturity for this bond.
Question : Today 83 days have passed since the last coupon payment was made. If there are 182 days in the coupon period, the actual price that you would have to pay for this bond is A.) $1,347.55 B.) 1,043.91 C.) 1,566.78
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