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Find the price for the bond in the following table:(Round to the nearest cent.) please do not round any of the numbers in any of
Find the price for the bond in the following table:(Round to the nearest cent.)
please do not round any of the numbers in any of the steps, and please show the equations!
I keep doing what I think is the right calculations but I cant get this problem right, so a step by step of calculations (without excel) so I can learn how to find the price on my own.Thanks.
Years to Maturity 5 Price ? Par Value $5,000.00 $1,000.00 $1,000.00 $1,000.00 Coupon Rate 7% 12% 6% Yield to Maturity 12% 7% 6% 10% ? 20 15 ? 8% 30Step by Step Solution
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