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Schermerjust issued a $5000 par value bondThe bond , which matures exactly 12 years from todayhas a coupon rate of 5.125% (semi-annual payments)If the appropriate
Schermerjust issued a $5000 par value bondThe bond , which matures exactly 12 years from todayhas a coupon rate of 5.125% (semi-annual payments)If the appropriate yield to maturity for this bond is 5.75%, what is the current price of the Schermerbond? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign with your answerFor example, enter $2,321.83987 as 2321.84 Your Answer:
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
