Aaa company is about to issue a bond with semi annual


AAA Company is about to issue a bond with semi annual semiannual coupon payments, an annual coupon rate of 8?%, and par value of $5,000. The yield to maturity for this bond is 5?% a. What is the price of the bond if it matures in 15 years?

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Financial Management: Aaa company is about to issue a bond with semi annual
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