A 10-year bond with face value of 2000 and coupon rate of 8, Ask an Expert

Finance

A 10-year bond with face value of 2000 and coupon rate of 8% was purchased to give effective annual yield of 10% until maturity. After the 13th coupon, the bond was sold at the price to give a seller effective annual yield of 12%. What price was the bond sold?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92065541

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