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Data Set Inc. issued a bond 10-year bond 5 years ago. The coupon rate is 6% and it is paid semi-annually and face value of
Data Set Inc. issued a bond 10-year bond 5 years ago. The coupon rate is 6% and it is paid semi-annually and face value of $1000. (15 points) a) If the market interest rate is 10% per year, please calculate the fair market value of the bond. b) If the market interest rate is 5% per year, please calculate the fair market value of the bond. A company specific event just occurred, and the bond is now trading at $880. Please calculate its yield to maturity. Is it now a premium or discount bond
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
