A 10-year bond was issued four years ago. The bond is denominated in US dollars, offers a
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A 10-year bond was issued four years ago. The bond is denominated in US dollars, offers a coupon rate of 10% with interest paid semi-annually, and is currently priced at 102% of par. The bond’s:
A. Tenor is six years.
B. Nominal rate is 5%.
C. Redemption value is 102% of the par value.
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The correct statement is C Redemption value is 102 of the par valu...View the full answer
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