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Even though most corporate bonds in the united states make

Even though most corporate bonds in the United States make a coupon payments, semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1000, 23 years to maturity, and a coupon rate of 5.8 percent paid annually. If the yield to maturity is 4.7 percent what is the current price of the bond.

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Accounting Basics: Even though most corporate bonds in the united states make

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