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What is the bond-s price for semiannual coupon

Yest Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6%, based on semiannual compounding. What is the bond's price?

a. $1,008.65
b. $1,024.67
c. $1,051.34
d. $1,098.00
e. $1,105.78

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Finance Basics: What is the bond-s price for semiannual coupon

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the bond-s price for semiannual coupon

Reference No:- TGS0673417

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the bond-s price for semiannual coupon

Reference No:- TGS0673417

Recent Questions Asked Finance Basics

Q : Compute the amounts of dividends

Q : Discussing repurchase agreements

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