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Business, 13.11.2019 21:31 ReaLily

Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a german company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 6.9 percent paid annually. if the yield to maturity is 8 percent, what is the current price of the bond?

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