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Greetings, I believe my calculations are off on this question, and am not sure what I'm doing wrong. Any help is greatly appreciated. Thank you
Greetings,
I believe my calculations are off on this question, and am not sure what I'm doing wrong. Any help is greatly appreciated. Thank you for your time!
A bond that pays interest semiannually has a coupon rate of 5.35 percent and a current yield of 4.85 percent. The par value is $1,000. What is the bond's price?
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