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28 Calculate the current price of a $1,000 par value bond that has a coupon rate of 13 percent, pays coupon interest semi-annually, has 29
28 
Calculate the current price of a $1,000 par value bond that has a coupon rate of 13 percent, pays coupon interest semi-annually, has 29 years remaining to maturity, and has a current yield to maturity (discount rate) of 19 percent. (Round your answer to 2 decimal places and record without dollar sign or commas). Your Step by Step Solution
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Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
