connerwoodle42692 connerwoodle42692

22-02-2024
Business

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Consider a bond with 7% annual coupon and a face value of $1,000. Calculate the current price if the years to maturity is 3 and the yield to maturity is 5% (Round to the nearest tenth)
a). $1054.47
b). $925.67
c). $1050.23
d). $1000

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