A bond with 30 years to maturity has a face value of 1000


A bond with 30 years to maturity has a face value of $1,000. The bond pays an 5 percent semi annual coupon, and the bond has a 7 percent nominal yield to maturity. What is the price of the bond today? Must show work.

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Financial Management: A bond with 30 years to maturity has a face value of 1000
Reference No:- TGS01207891

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