A 5 year bond with a semiannual coupon rate of 5% and a face value of 1,000 the annual return is 8% the price of the bond is?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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A 5 year bond with a semiannual coupon rate of 5% and a face value of 1,000 the annual return is 8% the price of the bond is?
Transcribed Image Text:A 5 year bond with a semiannual coupon rate of 5% and a face value of 1,000 the annual return is 8% the price of the bond is?
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