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20 Suppose that Rowdy Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.8% (annual
20 Suppose that Rowdy Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.8% (annual payments). The yield to maturity on this bond when it was issued was 5.6%. Assuming the yield to maturity remains constant, what is the price after it makes its first coupon payment? a. $1,078.00 Ob. $1,101.29 Oc. $1,112.23 Od. $1,152.28 Oe. $1,245.91
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