You recently bought a 1000 par value corporate bond with a, Ask an Expert

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You recently bought a $1,000 par value corporate bond with a 6 percent annual coupon rate and a 10 year maturity date. When you bought the bond, it had an expected yield to maturity of 8 percent. Today the bond sells for $1,060. Calculate the value of the bond.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92044276

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