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A bond pays an annual coupon at a coupon rate of 8.1% and has 5 years to maturity. If the market discount rate is 5.4%,
A bond pays an annual coupon at a coupon rate of 8.1% and has 5 years to maturity. If the market discount rate is 5.4%, what is the value of the bond (per $100 of face value?
a.
$108.201
b.
$113.331
c.
$114.021
d.
$111.561
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Production And Operations Analytics
Authors: Steven Nahmias, Tava Lennon Olsen
8th Edition
1478639261, 9781478639268
