What is the price of a 2.15% annual coupon bond, with a USD1,000 face value, which matures
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What is the price of a 2.15% annual coupon bond, with a USD1,000 face value, which matures in 3 years? Assume a required return rate of 2.289%.
What is the current yield on the bond?
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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