Question
1. Calculate the current price of a $1,000 par value bond that has a coupon rate of 8 percent, pays coupon interest annually, has 17
1. Calculate the current price of a $1,000 par value bond that has a coupon rate of 8 percent, pays coupon interest annually, has 17 years remaining to maturity, and has a current yield to maturity (discount rate) of 12 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
2. Calculate the current price of a $1,000 par value bond that has a coupon rate of 15 percent, pays coupon interest annually, has 15 years remaining to maturity, and has a current yield to maturity (discount rate) of 5 percent. (Round your answer to 2 decimal places and record without dollar sign or commas).
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Economic Growth In Latin America And The Impact Of The Global Financial Crisis
Authors: Mauricio Garita
1st Edition
1522549811,152254982X
