Microsoft currently offers a 30 year AAA-corporate bond with a coupon of 5.3%. With a maturity date
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Question:
Microsoft currently offers a 30 year AAA-corporate bond with a coupon of 5.3%. With a maturity date of 2041, the bond has 21 years left (Begin 2011). The YTM is 2.102%. What is the PV if the bond's current asking price is $1,528.37?
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