Solved: The 1000 face value bond pays coupon every 6 months 30, Finance Basics

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The 1000 face value bond pays coupon every 6 months 30

A bond with a coupon rate of 7.30% has a price that today equals $868.92.

The $1,000 face value bond pays coupon every 6 months, 30 coupons remain, and a coupon was paid yesterday.

Suppose you buythis bond at today's price and hold it so that you receive 20 coupons.

You sell the bond upon receiving that last coupon.

Find the selling price if the bond's YTM remains constant.

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Finance Basics: The 1000 face value bond pays coupon every 6 months 30

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Finance Basics: The 1000 face value bond pays coupon every 6 months 30

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