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On January 20, 2015 a firm issued a bond with 30 years to maturity. The bond had a coupon rate of 7.5%, a face
On January 20, 2015 a firm issued a bond with 30 years to maturity. The bond had a coupon rate of 7.5%, a face value of $1000, and makes semi annual payments. On March 21, 2024 the bond traded between brokers with a yield to maturity of 9%. What was the Dirty Price of this bond? $872.35 $857.99 $857.78 $873.39
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
