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please help gind the price of bond today? An investor is considering the purchase of a(n) 7.250 %. 18-year corporate bond that's being priced to
please help gind the price of bond today?
An investor is considering the purchase of a(n) 7.250 %. 18-year corporate bond that's being priced to yield 9.250%. She thinks that in a year, this bond will be priced in the market to yield 8.250%. Using annual compounding, find the price of the bond today and in 1 year. Next, find the holding period return on this investment, assuming that the investor's expectations are bome out. The price of the bond today is $420.91 (Round to the nearest cent.) Step by Step Solution
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