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show the steps please The market price of a semi-annual pay bond is $978.54. It has 19.00 years to maturity and a coupon rate of
show the steps please
The market price of a semi-annual pay bond is $978.54. It has 19.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the effective annual yield? Assume a par value of $1,000. Caspian Sea plans to issue a 14.00 year, semi-annual pay bond that has a coupon rate of 7.84%. If the yield to maturity for the bond is 8.46%, what will the price of the bond be Step by Step Solution
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