One year ago you bought a 10 coupon paid semi-annually bond, Ask an Expert

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One year ago you bought a 10% coupon (paid semi-annually) bond with a face value of $1,000 and ten years to maturity. The yield to maturity (nominal, compounded semi- annually) when you purchased the bond was 8%. Today the nominal yield to maturity is 9.27%. What is the current price of the bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92079440

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