A 1000 par-value fixed coupon bond has 15 years remaining


A $1,000 par-value, fixed coupon bond has 15 years remaining until maturity. The bond has an annual coupon rate of 10 percent and it pays quarterly coupon payments. If the market annual rate for this bond is 8 percent, what is the price of the bond?

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Financial Management: A 1000 par-value fixed coupon bond has 15 years remaining
Reference No:- TGS02155834

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