What is the price of a bond that has a twelve-year maturity, a coupon rate of 3.45

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What is the price of a bond that has a twelve-year maturity, a coupon rate of 3.45 percent, a par value of $1,000, and pays interest semiannually? The current market yield is 4.56 percent.

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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: Jun 05, 2023 10:07 AM

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What is the price of a bond that has a twelve-year maturity, a coupon rate of 3.45

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To calculate the price of a bond you can use the present value formula for a bonds cash flows The ca... View the full answer

Foundations of Financial Management

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