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What is the current market price of your bond

Problem: Bonds are currently trading with a yield to maturity of 7.5423%. You are trying to sell a bond with a coupon rate of $89. Assuming 6 years remain in the life of the bond:

a) What is the current market price of your bond?

b) What is the current market price of your bond if the market rate is 12.8945%?

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Finance Basics: What is the current market price of your bond

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Finance Basics: What is the current market price of your bond

Reference No:- TGS02057218

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