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Target has a bond outstanding w a face value of 1k which row he's maturity in 8yrs. The coupon rate for this bond is 8.9%
Target has a bond outstanding w a face value of 1k which row he's maturity in 8yrs.
The coupon rate for this bond is 8.9% + coupon payments need to be made semiannually
Assume the YTM of bond is 9.6%.
The price that this bond trades for will be close to:
A. $769
B. $962
C. $1,154
D. 1,346
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
