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Question 26 (3.5 points) Calculate the current price of a $1,000 par value bond that has a coupon rate of 6 percent, pays coupon interest
Question 26 (3.5 points) Calculate the current price of a $1,000 par value bond that has a coupon rate of 6 percent, pays coupon interest annually, has 22 years remaining to maturity, and has a current yield to maturity (discount rate) of 15 percent. (Round your answer to 2 decimal places and record without dollar sign or commas)
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McGraw-Hill Education SAT 2017
Authors: Christopher Black, Mark Anestis
1st Edition
1259641651, 978-1259641657
