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Business, 23.03.2021 04:40 hlc614

Settings With celebrity​ bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of the music are used to pay interest and principal on the bonds. In April of​ 2009, EMI announced that it intended to securitize its back catalogue with the help of the Bank of Scotland. The bond was issued with a coupon rate of ​% and will mature on this day years from now. The yield on the bond issue is currently ​%. At what price should this bond trade​ today, assuming a face value of ​$ and annual​ coupons?

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