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Assume Daimler Chrysler bonds promise to pay $10,000 in thirty years from today. They make no other coupon payments between now and the last payment
Assume Daimler Chrysler bonds promise to pay $10,000 in thirty years from today. They make no other coupon payments between now and the last payment at the end of 30 years. I. How much would investors pay for these bonds? Assume that the discount rate is 6% (annually compounded). Input bond price rounded to two decimal points but without the $ sign. II. Compute their yield-to-maturity if the bonds are priced at \$573.09? Input your response in percent but without the percent sign
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