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Selling price of a bond- Finance

Open Posted By: roundtracker Date: 14/01/2021 Academic Level: High School Paper Type: Assignment Writing

Question Description

A $1,000 corporate bond with 20 years to maturity pays a coupon of 7% (semi-annual) and the market required rate of return is 6.6%. What is the selling price?

Category: Mathematics & Physics Subjects: Physics Deadline: 12 Hours Budget: $70 - $105 Pages: 2-3 Pages (Short Assignment)