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Question 5 (5 points) Use the information given in the following table for a Corporate bond to answer the two questions below Today is March
Question 5 (5 points) Use the information given in the following table for a Corporate bond to answer the two questions below Today is March 01, 2017 Coupon MaturityY date TM Current ield Type Issue date Price Rating rate Bond September 10% 19-01-2023 | 8% 2003 Assume semi-annual interest payments and par value of the bond of $1,000 1. What is the price (as of March 01, 2017) of the bond? Do NOT enter S sign. Use comma to separate thousands. Use two decimals. Round to the nearest cent. For example, if your answer is S1,342.767 percent, enter 1,342.7 2. what is the current yield of this bond? Use percentage denomination(% sign) and two decimals For example, if your answer is 7.256 percent, enter 7.26% Save
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