The bond has a yield to maturity of 61 percent a par value


Question - Mr. Corp. has a bond outstanding with a coupon rate of 5.6 percent and semiannual payments. The bond has a yield to maturity of 6.1 percent, a par value of $1,000, and matures in 15 years. What is the quoted price of the bond?

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Accounting Basics: The bond has a yield to maturity of 61 percent a par value
Reference No:- TGS02791544

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