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18 A bond offers a coupon rate of 10%, paid annually, and has a maturity of 6 years. Face value is $1,000. If the current
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A bond offers a coupon rate of 10%, paid annually, and has a maturity of 6 years. Face value is $1,000. If the current market yield is 13% (discount rate), what should be the price of this bond? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57 Step by Step Solution
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