Question: please help I keep getting this question wrong :( Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere
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 C1,000,9 years to maturity, and a coupon rate of 7.6 percent paid annually. If the YTM is 9.6 percent, what is the current bond price in euros? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16
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