Problema bond with face and redemption amount of 3000 with, Ask an Expert

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Problem:

A bond with face and redemption amount of $3000 with annual coupons is selling at an effective annual yield rate equal to twice the coupon rate. The present value of the coupons is equal to the present value of the redemption amount.

Required:

Question: What is the selling price of the bond?

Note: Please show the work not just the answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163351

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