Essay
What is the price today of a two-year,default-free security with a face value of $1000 and an annual coupon rate of 5.75%? Does this bond trade at a discount,premium,or at par?
Correct Answer:
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$1004.46
P = $57.50/1.058 + $1...View Answer
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Correct Answer:
Verified
P = $57.50/1.058 + $1...
View Answer
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