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Assume a par value of $1,000. Caspian Sea plans to issue a 7.00 year, serni-annual pay bond that has a coupon rate of 17.00%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 7.00 year, serni-annual pay bond that has a coupon rate of 17.00%. If the yield to maturity for the bond is 47 0PA, what will the price of the bond be? a. $996.76 b. $1000.00 c. $1,027.87 d. $1,099.65
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
