Question: Question 2 1 pts A bond has a par value of $1,000, pays a semiannual coupon at a rate of 4% and matures in 16

Question 2 1 pts A bond has a par value of $1,000, pays a semiannual coupon at a rate of 4% and matures in 16 years. Under some financial hardships, management has stated that it will not be able to pay its next coupon payment (which is scheduled 6 months from today), but all other coupon payments will be made as scheduled. If the YTM is 6%, what would the price of the bond be?

A bond has a par value of $1,000, pays a semannual coupon at a rate of 4% and matures in 16 years. Under some financial hardships, management has stated that it will not be able to pay its next coupon payment (which is scheduled 6 months from today), but all other coupon payments will be made as scheduled. If the YTM is 6%, what would the price of the bond be

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