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PLEASE EXPLAIN FULLY STEP - BY - STEP DO NOT SOLVE USING EXCEL OR A CALCULATOR. NO FUNNY EQUATIONS. THE ANSWER IS $ 4 1
PLEASE EXPLAIN FULLY STEPBYSTEP DO NOT SOLVE USING EXCEL OR A CALCULATOR. NO FUNNY EQUATIONS. THE ANSWER IS $ JUST NEED TO KNOW HOW THEY GOT THAT THANK YOU. Rosenworcel Corp. has a $ par value bond with a coupon rate paid semiannually and a fifteenyear maturity. Let's assume that the market believes the Yield to Maturity on this bond should be
What would be the price of a similar, justissued bond with a zero coupon?
a $
b $
c $
d $
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