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A 9% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.8450%. What
A 9% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.8450%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM: %
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To calculate the bonds price and YTM Yield to Maturity we need to use the formula for the present va...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
