A highly rated corporate bond with five years left until, Ask an Expert

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A highly rated corporate bond with five years left until maturity was recently quoted as selling for 92.398. The bond's par value is $1,000 and its initial interest rate was 5.34 percent. If this bond pays interest every six months, and it has been four months since interest was last paid, how much would you be required to pay for the bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92869238

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