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even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupons payments. suppose a german company
even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupons payments. suppose a german company issues a bond with a par value of 1000, 15 years to maturity, and a coupon rate of 7.3 percent paid annually. if the yield took maturity is 8.4 percent, what is the current price of the bond?
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