reynoldsjamie420 reynoldsjamie420

08-04-2024
Business

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A corporate bond has a face value of $10 000, a coupon rate of interest of 8.25% per annum, payable semi-annually, and six-and-a-half years remaining to maturity. The yield-to-maturity of this bond is currently at 9.5% per annum, what is the price of the bond?

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