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Tyler Inc. offers a 7.75% coupon bond with annual payments. The yield to maturity is 7.91% and the maturity date is 9 years from today.
Tyler Inc. offers a 7.75% coupon bond with annual payments. The yield to maturity is 7.91% and the maturity date is 9 years from today. What is the market price of this bond if the face value is $1,000? Show the calculations in detail.
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For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669886, 9781305669888
