The closing price indicates that the IBM bond is being sold at 103.08% of. face value. Rate:

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The closing price indicates that the IBM bond is being sold at 103.08% of. face value.

Rate: 4

Maturity: (matures in year 2042) 42 years

YLD: 3.81

VOL: 110

Close: 103.08

Chg: +0.73%

Where did the (103.08) come from?

What is the proper formula?

Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Posted Date: Mar 25, 2023 01:34 AM

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The closing price indicates that the IBM bond is being sold at 103.08% of. face value. Rate:

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The closing price of 10308 indicates that the IBM bond is being sold at 10308 of its face value In o... View the full answer

Financial Accounting Tools for Business Decision Making

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