On october 30 2010 abc company will issue a 5 coupon bond


Question: On October 30, 2010, ABC company will issue a 5% coupon bond with $1000 par value and semiannual coupon payments. The bonds will mature on October 30, 2020. Based on the prices of bonds with similar risk characteristics, you have determined that the bonds should have a yield to maturity of 5.81%. What is the maximum price you would pay for the bond?

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Finance Basics: On october 30 2010 abc company will issue a 5 coupon bond
Reference No:- TGS02590591

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