You paid $10702 for a 15-year 5 percent coupon bond. If the yield to maturity of the

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You paid $10702 for a 15-year 5 percent coupon bond. If the yield to maturity of the bond is 4.3%, what is the face value (in $) of the bond? Round your answer to at least 2 decimal places.

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Posted Date: May 19, 2023 05:31 AM

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You paid $10702 for a 15-year 5 percent coupon bond. If the yield to maturity of the

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To find the face value of the bond we can use the formula for the present v... View the full answer

Investment Analysis and Portfolio Management

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