A bond that matures in 12 years has a 9 semiannual coupon


A bond that matures in 12 years has a 9% semiannual coupon and a face value of $1,000. The bond has a nominal yield to maturity of 8%. What is the price of the bond today?

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Financial Management: A bond that matures in 12 years has a 9 semiannual coupon
Reference No:- TGS01283069

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