Question: This is what i got for number 3. Problem 3: MGM-Mirage Bond (14.5% Coupon, Semiannual, 16 Years, YTM = 11%) Coupon = 14.5% 1000 =

This is what i got for number 3. Problem 3: MGM-Mirage Bond (14.5% Coupon, Semiannual, 16 Years, YTM = 11%) Coupon = 14.5% 1000 = $145 annually $72.50 semiannually YTM = 11% 5.5% semiannual n = 32 periods Formula: ???? = ???? [ 1 ( 1 + ???? / 2 ) 2 ???? ???? / 2 ] + ???? ( 1 + ???? / 2 ) 2 ???? P=C[ r/2 1(1+r/2) 2n ]+ (1+r/2) 2n F Step-by-Step: PV Coupons = 72.5 14.877 = 1079.56 PV Principal = 1000 / (1.055) = 184.06 Total = 1263.62 Answer: ???? $1,263.62. is this wrong

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