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Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupn payments. suppose a german company
Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupn payments. suppose a german company issues a bond with a par value of 1,000, 23 years to maturity, and a coupon rate of 3.8 percent paid annually. if the yield maturity 4.7%, what is the current price of the bond?
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