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A quarterly coupon bond has a face value of $1,000 and a coupon rate of 5.9%. Time to maturity is 10 years and the current
A quarterly coupon bond has a face value of $1,000 and a coupon rate of 5.9%. Time to maturity is 10 years and the current yield to maturity is 4.7%. How much is this bond worth? Round to the nearest cent. Type your numeric answer and submit Step by Step Solution
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Make Money Teaching Online Courses
Authors: Andrew P.C.
1st Edition
1071003925, 978-1071003923
