Which of the following amounts is closest to the value of a bond that pays $45 semiannually

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Which of the following amounts is closest to the value of a bond that pays $45 semiannually and has a YTM of 10%? The face value is $1,000 and the bond matures in 3 years. There are 6 months before the first interest payment.

Related Book For answer-question

Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Posted Date: Mar 27, 2023 02:08 AM

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Which of the following amounts is closest to the value of a bond that pays $45 semiannually

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Income Tax Fundamentals 2015

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