Suppose a semiannual bond has a coupon rate of 5%. The bond is currently quoted at $956.92.

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Suppose a semiannual bond has a coupon rate of 5%. The bond is currently quoted at $956.92. If the bond last paid its coupon payment 53 days ago, what is the price of this bond? (assume a 360 day year and round your answer to the nearest penny).

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Sep 12, 2023 02:34 AM

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Suppose a semiannual bond has a coupon rate of 5%. The bond is currently quoted at $956.92.

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Fundamentals Of Corporate Finance

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