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You are a professional bond trader. You analyze the following bond quotes appeared in the financial page of todays newspaper and observe what seem to
You are a professional bond trader. You analyze the following bond quotes appeared in the financial page of todays newspaper and observe what seem to be several errors. All bonds have a par value of $1,000. Without calculating the price of each bond, explain whether the price of each bond is reported correctly.
Bond Price ($) Coupon Rate (%) YTM (%)
A 900 9 6
B 1,050 0 5
C 1,000 6 6
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
