Answered: A bond has a par value of $1000, a…

A bond has a par value of $1000, a curent yield of 693 percent, and semiannual coupon payments. The bond is quoted at 101.56. What is the amount of each coupon payment? O O O O O 1360 47030

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A bond has a par value of $1.000 a cument yield of 693 percent, and semiannual coupon payments. The bond is quoted at 101.56 What is the amount of each coupon payment?
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