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You purchase a bond that pays a semi-annual coupon with a coupon rate of 3.8%. The bond current yield is 7.6% and has a par
You purchase a bond that pays a semi-annual coupon with a coupon rate of 3.8%. The bond current yield is 7.6% and has a par value of $1,000. What is the price?
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ANSWER Heres how to calculate the price of the bond 1 Define bond pr...
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
