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Brian has a $500 bond with a 6.5% coupon. The yield of the bond is 6.8%. What is the bid price for the bond?
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3 votes
Brian has a $500 bond with a 6.5% coupon. The yield of the bond is 6.8%.

What is the bid price for the bond?

User Dublev
by
7.8k points

2 Answers

6 votes

Answer: $478.00

Explanation:

User Hmir
by
8.2k points
2 votes

478.00Answer:

Explanation:

User Lokesh Sanapalli
by
8.9k points
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