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MrRissso [65]
4 years ago
9

A $1,000 face value bond currently has a yield to maturity of 6.69 percent. The bond matures in 3 years and pays interest annual

ly. The coupon rate is 7 percent. What is the current price of this bond?
Business
1 answer:
algol [13]4 years ago
6 0

Answer:

$1,008.18

Explanation:

Using a financial calculator, you can calculate the price of this bond with the following inputs;

Maturity of the bond; N= 3

Face value ; FV = 1000

Annual coupon payment; PMT = 7% *1000 = 70

Yield to maturity ; I/Y = 6.69%

then compute the Price;  CPT PV = 1,008.182

Therefore, the current price is $1,008.18

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Daphne is one of the three project managers at Virgo Inc., an art and design studio. Raymond and Gabriel, the other two project
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E) playing safe

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ludmilkaskok [199]

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6 0
3 years ago
What is the market capitalization of Company ABC with a most recent stock price of $11.25, and the company has 8.1 million share
meriva

Answer:

$91.125 million

Explanation:

Data provided in the question:

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3 years ago
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