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ILL UPVOTE 100%!!! Given the following list of bond quotes from Bank of America, how much would it cost to buy the coupon bond issued
ILL UPVOTE 100%!!!
Given the following list of bond quotes from Bank of America, how much would it cost to buy the coupon bond issued by 3M that pays a 14% quarterly coupon and matures on September 1st 2025? Quote list from Bank of America Issuer name price coupon rate coupons per year Face value maturity date 3M 95.23 0.25 2 $1,000 7/15/2065 3M 97.26 0.16 1 $1,000 3/1/2030 3M 99.24 0.14 4 $1,000 9/1/2025 98.62 0.09 2 $1,000 9/1/2080 Given the following list of bond quotes from Bank of America, how much would it cost to buy the coupon bond issued by 3M that pays a 14% quarterly coupon and matures on September 1st 2025? Quote list from Bank of America Issuer name price coupon rate coupons per year Face value maturity date 3M 95.23 0.25 2 $1,000 7/15/2065 3M 97.26 0.16 1 $1,000 3/1/2030 3M 99.24 0.14 4 $1,000 9/1/2025 98.62 0.09 2 $1,000 9/1/2080Step by Step Solution
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