Valuing bonds lo2 even though most corporate bonds in the, Ask an Expert

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Valuing Bonds [LO2] Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments.

Suppose a German company issues a bond with a par value of €1,000, 23 years to maturity, and a coupon rate of 5.8 percent paid annually. If the yield to maturity is 4.7 percent, what is the current price of the bond?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92885127

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