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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.

User Ahasbini
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1 Answer

4 votes

Answer:

$738.68

Step-by-step explanation:

the price of the bond is $738.68.

User His
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