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Please solve explaining each step, thanks in advance))) A 10 -year bond is issued on September, 20th2010 with a 4% coupon. Today, October 20th,2017, the
Please solve explaining each step, thanks in advance)))
A 10 -year bond is issued on September, 20th2010 with a 4% coupon. Today, October 20th,2017, the owner decides to sell it. Taking into account that at this moment the relevant interest rate for this maturity is 0.75%, calculate the price of the bond and the total price received by the seller (paid by the buyer). Consider that the year has 360 daysStep by Step Solution
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