A bond has a face par value of 12425 it will mature in 11


A bond has a face (par) value of $12,425; it will mature in 11 years. The bond coupon rate is 4.8%; there are 6 premium payments per year. Suppose that an investor will earn a nominal interest rate of 6.2% on this bond; what was the purchase price?

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Financial Accounting: A bond has a face par value of 12425 it will mature in 11
Reference No:- TGS01691319

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