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please show all work Tesla Inc. issued a corporate bond that matures in May 25,2025 with a coupon rate of 5.30%, paid annually. The bond
please show all work
Tesla Inc. issued a corporate bond that matures in May 25,2025 with a coupon rate of 5.30%, paid annually. The bond is rated B1 by Moody's as of October 31, 2021. The par value of the bond is $1,000. Since the last coupon payment, 30 days have passed. If the ask price of the bond is $991.30, then what is the total sale price for the buyer? A. $995.66 B. $986.94 C. $996.69 D. $983.41 E. None of the aboveStep by Step Solution
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