Assume a bond has a coupon rate of 4%, par value of $1,000, and 14 years left

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Assume a bond has a coupon rate of 4%, par value of $1,000, and 14 years left to maturity.The bond indenture specifies semi-annual payments and the yield to maturity is 5.5%. What is the market price of the bond?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: Jan 06, 2024 12:23 PM

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Assume a bond has a coupon rate of 4%, par value of $1,000, and 14 years left

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The bond has a coupon rate of 4 The coupon payments are semiannual twice a ... View the full answer

Fundamentals of corporate finance

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