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D Question 14 When Polycorp issued its debentures three years ago, they had six years remaining to maturity. Using the following information, calculate the
D Question 14 When Polycorp issued its debentures three years ago, they had six years remaining to maturity. Using the following information, calculate the price of the debentures today. Face value = $100 Coupon Rate = 0.07 Yield = 0.05 1.5 pts Both the coupon rate and the yield are expressed as decimals, e.g. 12% pa is expressed as .12 Calculate the price accurate to two decimal places. Do not enter the $ sign.
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
