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Question 5 2 pts Bigbie Corp. issued a three-year bond a year ago with a coupon of 8 percent. The bond pays interest semiannually. If
Question 5 2 pts Bigbie Corp. issued a three-year bond a year ago with a coupon of 8 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 7.9 percent, what is the price of the bond? Round your answer to 2 decimal places. 2 pts Question 6 Bond price: Pierre Dupont just received a cash gift from his grandfather. He plans to invest in a five-year bond issued by Venice Corp. that pays an annual coupon rate of 7.6 percent. If the current market rate is 7.25 percent, what is the maximum amount Pierre should be willing to pay for this bond? Round your answer to 2 decimal places
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