Compute the price of a 1000 par value 12 percent, Ask an Expert

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Compute the price of a $1,000 par value, 12 percent (semi-annual payment) coupon bond with 18 years remaining until maturity assuming that the bond's yield to maturity is 16 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92101651

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