A bond has a face par value of 12425 it will mature in 11
A bond has a face (par) value of $12,425; it will mature in 11 years. The bond coupon rate is 4.8%; there are 6 premium payments per year. Suppose that an investor will earn a nominal interest rate of 6.2% on this bond; what was the purchase price?
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a bond has a face par value of 12425 it will mature in 11 years the bond coupon rate is 48 there are 6 premium payments
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