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Cullumber Corp. issued a five-year bond one year ago with a coupon rate of 6.0 percent. The bond pays interest semiannually. If the yield to
Cullumber Corp. issued a five-year bond one year ago with a coupon rate of 6.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 14 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
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Marketing For Financial Advisors
Authors: Eric Bradlow, Keith Niedermeier, Patti Williams
1st Edition
