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Jill is interested in a 6-year bond which pays a coupon of 10.0 percent annually and trades at a yield of 14.0% per annum. The
Jill is interested in a 6-year bond which pays a coupon of 10.0 percent annually and trades at a yield of 14.0% per annum. The face value is $1,000. What is the current price of this bond?
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To calculate the current price of the bond we can use the present value formula which discounts ...
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
