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What is the price of a 3​-year, 7.9% coupon​ rate, $1,000 face value bond that pays...

What is the price of a 3​-year, 7.9% coupon​ rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is

12.1%​?

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Answer #1

Hence price of bond = $ 895.6

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