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The Peru-issued USD Bond has a maturity date of 1/23/2031 and offers a coupon of 2.7830%. The payment of the coupon will take place
The Peru-issued USD Bond has a maturity date of 1/23/2031 and offers a coupon of 2.7830%. The payment of the coupon will take place 2.0 times per biannual on the 23.07. At the current price of 108.279 USD this equals a annual yield of 2.00%. If a US government issued bond of the same maturity has a yield of 1.05, what is the default spread?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
