Question
An 8% $200,000 bond has exactly 9 years to maturity and pays semi-annually. What is the price of the bond if the yield is
An 8% $200,000 bond has exactly 9 years to maturity and pays semi-annually. What is the price of the bond if the yield is 9.18% pa? Give your answer to two decimal places and no $ sign
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Heres how to find the price of the bond 1 Calculate the semiannual coupon payment Coupon rate 8 Face ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
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