Current market price of the bond
Problem:
An 8% $1,000 bond matures in 13 years, pays interest semi-annually, and has a yield to maturity of 9.5%.
Required:
Question 1: What is the current market price of the bond? Explain in detail provide show all workings.
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What is the bond's yield to maturity? Please provide step by step solution and also show all calculation.
What is the current market price of the bond? Explain in detail provide show all workings.
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