Business, 25.07.2020 23:01 alexis3060

A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The yield to maturity is 11 percent. The price of the bond should be: Do no round intermediate computations. Round the final answer to two decimal places.

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A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond...

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