When the bond was underwritten it was priced with a yield, Financial Management

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When the bond was underwritten it was priced with a yield

A corporation issued a 10 years coupon with coupon rate of 8% and face value of $1,000. the coupons are paid semiannually. a. when the bond was underwritten, it was priced with a yield to maturity of 8.02%. What is the issuing price? b.Now 6 months has passed and the interest rate environment has changed suppose now the yield to maturity on the bond has dropped to 6.5%. what is the current price of the bond, assuming that the first coupon has just been paid?

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Financial Management: When the bond was underwritten it was priced with a yield

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Financial Management: When the bond was underwritten it was priced with a yield

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