The bond matures on january 1 2020 what is the flat price, Financial Management

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The bond matures on january 1 2020 what is the flat price

Assume today is March 1, 2010. A Davis Industrial bond has a par value of $1,000, and a 6 percent coupon. The bond pays interest semi-annually on January 1 and July 1. If you were to use the current yield to maturity to price the bond at the most recent coupon date you would get a price of $990. The bond matures on January 1, 2020. What is the flat price of the bond? What is the full price of the bond?

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Financial Management: The bond matures on january 1 2020 what is the flat price

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Financial Management: The bond matures on january 1 2020 what is the flat price

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