The current date is March 14, 2015 and you have your mind set on an 8.75% U.S.

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The current date is March 14, 2015 and you have your mind set on an 8.75% U.S. Treasury bond that happens to come due on July19, 2018. What would be the cash price of the bond if the quoted price is 104-13?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Feb 23, 2024 12:03 AM

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The current date is March 14, 2015 and you have your mind set on an 8.75% U.S.

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Now we can calculate the present value After calculating the present value comes out to be approxima... View the full answer

Foundations of Financial Management

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