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Problem:

What is the price of the following split coupon bond if comparable yields are 12 percent?

Principal $1,000

Maturity 12 years

Annual coupon 0% ($0) for years 1-3

10% ($100) for years 4-12

If comparable

Please provide all calculation and methods to solve it.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146955

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