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Emrem Co. has issued a new bond. This bond has been issued at a $1,000 face value and annual coupon rate of 6.5% and is
Emrem Co. has issued a new bond. This bond has been issued at a $1,000 face value and annual coupon rate of 6.5% and is trading at a price that is 97% of face value. The bond has a maturity of 6 years and pays a coupon payment quarterly. For this bond calculate the number of periods to maturity, the bond price, coupon payment, YTM, and cost of debt.
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