Question
What is the price of the bond given the information below. The bond makes annual interest payments. (Do not round intermediate calculations, round answer to
What is the price of the bond given the information below. The bond makes annual interest payments. (Do not round intermediate calculations, round answer to two decimals, i.e. 32.16)
Coupon Rate:6.7%
YTM:10.2%
Maturity (years):5
Par value: $1,000
Current Price: $
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Rockin Your Business Finances
Authors: Chrstine Odle
1st Edition
0999135104, 9780999135105
