Question: oblems x+ Pre-Built Problems Saved Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon

oblems x+ Pre-Built Problems Saved Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1.000, 20 years to maturity, and a coupon rate of 6.6 percent pald annually. If the yield to maturity is 77 percent, what is the current price of the bond? (Do not round intermediate calculetions and round your answer to 2 decimal places, e.g. 32.16.) Price 1 of 10 li Next F8 F9 F10 F11 ins ya Break

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