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A 5 year semiannual bond that was issued last year with a face value of $1000 carries a coupon rate of 4.5%. If YTM is
A 5 year semiannual bond that was issued last year with a face value of $1000 carries a coupon rate of 4.5%. If YTM is 12% the price of the bond:
Question 5 options:
| $487.7 and it trades at a premium. | |
| $487.7 and it trades at a discount. | |
| $714.8 and it trades at a premium. | |
| $714.8 and it trades at a discount. |
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Lending Investments And The Financial Crisis
Authors: Elena Beccalli, Federica Poli
1st Edition
1349564982, 978-1349564989
