A bond is issued at par 100000 and has 10 years remaining


A bond is issued at par ($1,000.00) and has 10 years remaining to maturity. The bond bears interest at 7% and the yield to maturity (YTM) is 6%. Interest is paid semiannually. The price of the bond is:

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Financial Management: A bond is issued at par 100000 and has 10 years remaining
Reference No:- TGS01241398

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