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Price for the Bond Assignment | Homework For You

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June 8th, 2020

Mr. Simpson buys a $1000 semi-annual coupon bond paying interest at 6.8%/year compounded semi-annually and redeemable at par in 12 years. Mr. Simpson’s desired yield rate is 9.8%/year compounded semi-annually. How much did he pay for the bond?Get Finance homework help todayHomework For You

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