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A 5 . 2 5 % coupon rate bond makes annual interest rate payments. Par value is $ 1 , 0 0 0 . The
A coupon rate bond makes annual interest rate payments. Par value is $
The bond matures in years. The required rate of return is What is the current price
a
b
c
d
e
Refer to the previous question. What if the bond pays semiannual interest payment.
What is the value of a semiannual bond.
a
b
c
d
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