Contributed by meenakshi sundaram tennessee tech, Ask an Expert

Economics

Contributed by Meenakshi Sundaram, Tennessee Tech University

A 6% coupon rate bond has a face value of $1000, pays interest semiannually, and will mature in 10 years. If the current market rate is 8% interest compounded semiannually, what is the bond's price?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92635480

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