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Please respond quickl The bonds issued by United Corp. bear a coupon of 8 percent, payable semiannually. The bond matures in 19 years and has
Please respond quickl
The bonds issued by United Corp. bear a coupon of 8 percent, payable semiannually. The bond matures in 19 years and has a $1,000 face value. Currently, the bond sells at $981. The yield to maturity (YTM) is 96. A Moving to another question will save this response. Bernard co. has 79 coupon bonds on the market that have 14 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 896, what is the current bond price in $ dollars)? (Assume the face value of the bond is $1,000) A Moving to another question will save this response.Step by Step Solution
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