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Business, 28.06.2021 16:30 debramknoxx

Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a german company issues a bond with a par value of 1000 euros, 23 years to maturity, and a coupon rate of 5.8 percent paid annually. Required:
If the yield to maturity is 7.5 percent, what is the current price of the bond?

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