A Treasurv bond has a coupon rate of 12%. a face value of $2000 and matures 15 vears from todav. For a treasurv bond the interest on the bond is paid in auarterly installments. The current riskless interest rate is 9% compounded auarterlv. Find the market price of the bond today. ( please I humble request no plagiarism please and proper solution)

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
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A Treasurv bond has a coupon rate of 12%. a face value of $2000 and matures 15 vears from todav. For a treasurv bond the interest on the bond is paid in auarterly installments. The current riskless interest rate is 9% compounded auarterlv. Find the market price of the bond today.       ( please I humble request no plagiarism please and proper solution)

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