Fernandez Macdonald
10/18/2024 · Junior High School
alculate the price of a 11.0 percent coupon bond with 14 years left to maturity and a market interest rate of 6.4 percent. (Assume terest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Sond price
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The bond price is approximately $1437.00.
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