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An unconventional bond pays no coupon for two years. After that, the coupon rate is 5% for five years. After that the coupon rate is
An unconventional bond pays no coupon for two years. After that, the coupon rate is 5% for five years. After that the coupon rate is 8% for seven years. The bond matures in 14 years. Face value is $15,000. The coupon payments are made annually. The required return on the bond is 10%. Find bond value, CY, and CGY in 7 years. Group of answer choices BV7=$13,539.47, CY7=0, CGY7=10% BV7=$9,297.55, CY7=0, CGY7=10% BV7=$13,539.47, CY7=8.86%, CGY7=1.14% BV7=$12,635.16, CY7=5.94%, CGY7=4.06%
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