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What is the sale price of the bond? A corporate bond is currently selling at par and is yielding 5% per year. The coupons are
What is the sale price of the bond? 
A corporate bond is currently selling at par and is yielding 5% per year. The coupons are paid annually. The par value of the bond is $1,000. Since the last coupon payment, 35 days have passed. If the quoted price of the bond is $992.23, what is the sale price of the bond? O $997.09 O $996.59 O $987.44 O $996.91 O $1,001.95 O $992.23 O $997.02 Step by Step Solution
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
