Find current price of the bond if yield to maturity is given


Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of Ac‚ ,000, 20 years to maturity, and a coupon rate of 6.2 percent paid annually. 1.) If the yield to maturity is 7.3 percent, what is the current price of the bond?

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Finance Basics: Find current price of the bond if yield to maturity is given
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