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Business, 15.04.2020 03:54 mine9226

Transocean Ltd issues a 9 percent coupon bond with 18 years maturity, $1,000 face (par) value, and semi-annual payments. If the yield to maturity of this bond is 6 percent, find the bond's price.

A. $1,182.26
B. $1,300.49
C. none of the answers is correct
D. $1,335.73
E. $1,327.48

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