Question
5points ItemSkipped eBook Print References Item 1 Malahat Inc. has 7.5% coupon bonds on the market that have ten years left to maturity. The bonds
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ItemSkipped
eBook
References
Item 1
Malahat Inc. has 7.5% coupon bonds on the market that have ten years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75%, what is the current bond price? Assume the par value of a bond is $1,000. (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
Current bond price $
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
