Aaa company is about to issue a bond with semiannual coupon


AAA Company is about to issue a bond with semiannual coupon ?payments, an annual coupon rate of 8?%, and par value of ?$1,000. The yield to maturity for this bond is 6?%.

a. What is the price of the bond if it matures in 5 years?

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Financial Management: Aaa company is about to issue a bond with semiannual coupon
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