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hi..need help with the question...please show what calculations would be in the calculator Here is information related to a bond issued by a company under
hi..need help with the question...please show what calculations would be in the calculator
Here is information related to a bond issued by a company under financial distress. Coupon Rate 6.699% Price Quote 40.20 Assume semi-annual coupons. The 10Y yield is 0.796% and the credit risk premium is 5.53%. If the market believes the company will pay 51% of each coupon, what do they expect to receive for par value at maturity? Use N=10.922Step by Step Solution
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