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01-07-2021
Business

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A 3-year bond has an 8.0% coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10%, calculate the price of the bond assuming that the bond makes semiannual coupon payments.

Respuesta :

05-07-2021

Answer:

$738.68

Explanation:

the price of the bond is $738.68.

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