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Pinder Co issues a 10-year 8.0% p.a. semi-annual coupon bond with a face value of $1,000. The effective annual bond yield is 5.0% at
Pinder Co issues a 10-year 8.0% p.a. semi-annual coupon bond with a face value of $1,000. The effective annual bond yield is 5.0% at issue. What is the bond price at issue? (Round to the nearest two digits) $1,239.28 None of the other answers are correct. $1.382.46 $1,339.17 $1,392.13
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
