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Hello please i need this question. Thanks Even though most corporate bonds in the United States make coupon payments semiannually, bands issued elsewhere often have
Hello please i need this question. Thanks
Even though most corporate bonds in the United States make coupon payments semiannually, bands issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of C1,000,99 years to maturity and a coupon rate of 7.1 percent paid annually. If the YTM is 9.1 percent, what is the current bond price in euros? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16 Step by Step Solution
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