Answer:
Total $1,173.2544
Explanation:
The price of the bond will be equivalent to the coupon payment and maturity discounted at the YTM
<em><u>Coupon payment PV will be an annuity:</u></em>
C 35.50 (1,000 x 7.1% / 2 )
time 30 (15 years x 2 payment per year)
rate 0.027 (YTM /2 )
PV $723.5919
<em><u> The maturity will be the present value of a lump sum</u></em>
Maturity 1,000.00
time 30.00
rate 0.027
PV 449.66
We add bot h to gett the market value
PV c $723.5919
PV m $449.6625
Total $1,173.2544
Answer:
government actions that reduce competition from international firms.
Explanation:
Explanation:
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