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You are considering buying a corporate bond that has an annual coupon rate of 5.2%, pays interest semi-annually, has 10 years to maturity, and currently
- You are considering buying a corporate bond that has an annual coupon rate of 5.2%, pays interest semi-annually, has 10 years to maturity, and currently has a YTM of 3.94%. What is the current price of the bond? List the variables that you entered in your calculator for full/partial credit (no variables listed = no points!)
PV=
FV=
I%=
N=
PMT=
p/y=
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
