A bond with a coupon of 75 percent with semiannual payments


A bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 7.95 percent. The bonds mature in 15 years. What is the market price of a $1,000 face value bond?

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Finance Basics: A bond with a coupon of 75 percent with semiannual payments
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