The par value of a bond is 450 the redemption value is 425, Ask an Expert

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The par value of a bond is $450. The redemption value is $425. The bond has nominal annual copoun rate of interest of 4.4% compouned quarterly. The yeild rate is also a nominal annual rate compounded quarterly of 5.2%. The book value after the 5th coupon payment is $417.21. Find the price of the bond with quartely payments.

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