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A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.7%, and sells for $1,130. Interest is
A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.7%, and sells for $1,130. Interest is paid annually. a. If the bond has a yield to maturity of 9.3% 1 year from now, what will its price be at that time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price $
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Solution a Bond Price can be calculated using PV function on a calculator After a year N 9 PMT ...
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