One year ago, Red Hot Corporation issued ten year 6.34 percent annual coupon bonds, each with a
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Question:
One year ago, Red Hot Corporation issued ten year 6.34 percent annual coupon bonds, each with a $1,000 face value.What is the price of a bond today if the yield to maturity is now 5.43 percent?
Points:1
- $442.13
- $939.01
- $1,063.46
- $1,068.82
Expert Answer:
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