Compute the price of a $1,000 par value, 8 percent (semi-annual payment) coupon bond with 28 years

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Compute the price of a $1,000 par value, 8 percent (semi-annual

payment) coupon bond with 28 years remaining until maturity

assuming that the bond's yield to maturity is 16 percent? (Round

your answer to 2 decimal places and record your answer without

dollar sign or commas).

Posted Date: Jun 05, 2024 04:09 PM

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Compute the price of a $1,000 par value, 8 percent (semi-annual payment) coupon bond with 28 years

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