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I know the answer is A. But im confused as to why since I dont know how to find I/Y(rate) For the next four questions,
I know the answer is A. But im confused as to why since I dont know how to find I/Y(rate)
For the next four questions, please use the following bond information: Rosenworcel Corp. has a $1,000 par value bond with a 5% coupon rate (paid semiannually) and a fifteen year maturity. Let's assume that the market believes the Yield to Maturity on this bond should be 6%. 9. Assuming that the bond was just issued, calculate the current market price of the bond. a. $902.00 b. $1,238.76 c. $1,245.27 d. $1,392.01 Step by Step Solution
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