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THE ANSWER ISN'T 2,413.50 FOR THE PRICE. I don't know what I'm doing wrong here. Help. Thanks:) You find the following corporate bond quotes. To
THE ANSWER ISN'T 2,413.50 FOR THE PRICE. I don't know what I'm doing wrong here. Help. Thanks:)
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000. What price would you expect to pay for the Kenny Corp. bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price $________ What is the bond's current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16) Current yield _________%Step by Step Solution
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