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Business, 04.07.2020 21:01 paolaviviana

A bond with face value $1,000 has a current yield of 6.4% and a coupon rate of 8.4%. a. If interest is paid annually, what is the bond’s price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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A bond with face value $1,000 has a current yield of 6.4% and a coupon rate of 8.4%. a. If interest...
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