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you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.08 paid quarterly. At that time, the bond had a YTM of 0.15 and 12 years left to maturity. what is the price of the bond

you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.08 paid quarterly. At that time, the bond had a YTM of 0.15 and 12 years left to maturity. what is the price of the bond

Essentials Of Investments
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
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you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.08 paid quarterly. At that time, the bond had a YTM of 0.15 and 12 years left to maturity. what is the price of the bond
Transcribed Image Text:you want to buy a corporate bond that has a face value of 1000 for that pays coupon of 0.08 paid quarterly. At that time, the bond had a YTM of 0.15 and 12 years left to maturity. what is the price of the bond
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