Solved: Payment for bond before the first coupon payment, Finance Basics

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Payment for bond before the first coupon payment

Problem:

You intend to purchase an 18-year, $1,000 face value bond that has coupon rate of 11% pays semiannually. If you expect to earn a 9.5 percent simple rate of return on this bond, how much should you be willing to pay for this bond immediately before it makes its first coupon payment?

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Finance Basics: Payment for bond before the first coupon payment

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Finance Basics: Payment for bond before the first coupon payment

Reference No:- TGS02056542

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