Party Time, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semiannually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9% ? Can you please show actual no work (no Financial Calculator or Excel)

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Party Time, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semiannually. What
is the market price of a $1,000 face value bond if the yield to maturity is 12.9% ? Can you please show
actual no work (no Financial Calculator or Excel)
Transcribed Image Text:Party Time, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semiannually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9% ? Can you please show actual no work (no Financial Calculator or Excel)
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