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a portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays $55 interest rate annually and matures in three
a portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays $55 interest rate annually and matures in three years.
the market price of the bond is $1013.6.
a. original price of the bond.
b. calculate current yield of the bond
c is bond trading at the discountt price? justify
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
