Company Hamilton has issued a 4-year bond with a face value of 1,000 that has a 5%

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Company Hamilton has issued a 4-year bond with a face value of £1,000 that has a 5% coupon rate semi-annually ($50 semi-annually). If the yield to maturity on the bond is 12%, calculate the price of the bond

(assume a coupon payment has recently been made).

a. £938.00

b. £652.00

c. £1,057.00

d. £1,000.00

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Stock Markets And Corporate Finance A Primer

ISBN: 9781800611474,9781800611498

1st Edition

Authors: Michael Dempsey

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Question Posted: Jul 24, 2024 10:05 AM

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Company Hamilton has issued a 4-year bond with a face value of 1,000 that has a 5%

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Stock Markets And Corporate Finance A Primer

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