Suppose a german company issues a bond with a par value of


Suppose a German company issues a bond with a par value of €1,000, 25 years to maturity, and a coupon rate of 6.4 percent paid annually.

If the yield to maturity is 7.5 percent, what is the current price of the bond?

 

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Finance Basics: Suppose a german company issues a bond with a par value of
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