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Current Price of Bond Assignment | Homework For You

Author:
March 18th, 2020
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 23 years to maturity, and a coupon rate of 3.8 percent paid annually.Homework For You
If the yield to maturity is 4.7 percent, what is the current price of the bond?

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