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Airida [17]
3 years ago
11

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.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
4 0

Answer:

$738.68

Explanation:

the price of the bond is $738.68.

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