Coupon bond pricing. Finance

FratBro23
Category:
Business & Finance
Price: $5 USD

Question description

A coupon bond which pays interest semiannually, has a par value of $1,000, matures in 5 years and has a yield to maturity of 9%.  If the coupon rate is 13%, then what should the price of the bond be?

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(Top Tutor) Daniel C.
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School: UCLA
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