The time to maturity is 18 years and the yield to maturity


ABC Company is issuing a new bond with a par value of $1,000 and a coupon rate of 10%. The time to maturity is 18 years and the Yield to Maturity is 6.06%. If coupon payments are semi-annual, what is today's price of this bond?

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Financial Management: The time to maturity is 18 years and the yield to maturity
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