Price calculations *show work*

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Whfg4puvpb

Business Finance

Description

A $1000 face value bond at 6% with 7 yrs. maturity pays semiannually with a yield to maturity of 8%. What's the current bond price? If the interest rate falls to 5% what's the bond price?

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Explanation & Answer

post question so that i will make bid to solve it.


Anonymous
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