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You purchase a $19,000 Fed-Ex 12.750% bond maturing May 21, 2019. The bond is priced to yield 13.375% and settles March 27, 2017. Your first
You purchase a $19,000 Fed-Ex 12.750% bond maturing May 21, 2019. The bond is priced to yield 13.375% and settles March 27, 2017. Your first coupon payment of $_______________ (dollars, rounded to two places after the decimal)
will be paid on _______________ (BAII Plus calculator date decimal format: mm.ddyy)
The present value of this payment on the settlement date is $_______________ (dollars, rounded to two places after the decimal) (refers to the above problem statement
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