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even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a German company
even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a German company issues a bond with a par value of 1,000, 15 years to maturity, and a coupon rate of 6.1 percent paid annually. if the yield to maturity is 7.2 percent, what is the current price of the bond?
Current price: ____
please help..
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