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1. What is the price of a $1,000 par value bond given the following information: (Show Work) Maturity: 5.5 Years Coupon Rate: 4% (semiannual) Current
1. What is the price of a $1,000 par value bond given the following information: (Show Work)
Maturity: 5.5 Years Coupon Rate: 4% (semiannual) Current Yield: 4.20%%
- Par
- Discount to Par
- Premium to Par
- Not enough information provided
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