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Citigroup has just issued a coupon bond that will pay $80 each year for the next 8 years. The bond's yield-to-maturity is 7.7%. What
Citigroup has just issued a coupon bond that will pay $80 each year for the next 8 years. The bond's yield-to-maturity is 7.7%. What is the price of the bond? Question 2 Bank of America has a 6%, annual coupon bond that will mature in 17 years. The interest rate for bonds like this is currently 5.7%. Assuming the par value is $1,000, what is the current price of this bond?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
