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Business, Finance
Year 4
Valuation problem
A $1,000 par bond having an 11% coupon rate with 11 years to maturity is currently selling to yield 7%. Interest is paid annually. Approximately what is the market price for this bond?
By OTA: Jeremy Prober, MBA
OTA Rating: 4.8/5
Your Price: $2.19 (original value ~$3.99)
What's included:
- Plain text response
- Attachment(s):
- Brainmass - Bond Calculation 1.xls
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