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kindly give acurate answer for wrong answer i ll give thumbs down ..for accurat thumbs up A 6% semiannual coupon bond matures in 6 years.
kindly give acurate answer for wrong answer i ll give thumbs down ..for accurat thumbs up
A 6% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 6.8307%. What are the bond's price and YrM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places. Bond's price: $ YTM: %Step by Step Solution
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