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A corporate bond that was issued on March 1, 2016. The bond has an 9% semiannual coupon and the par value is 1,000. required rate
A corporate bond that was issued on March 1, 2016. The bond has an 9% semiannual coupon and the par value is 1,000. required rate of return is 9%. Assume the coupon dates are September 1 and March 1. If you buy the bond on June 19, 2018, how much you should pay? (a 360-day year)
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