yanmanuel1532 yanmanuel1532

15-02-2024
Business

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What is the fair price of a 22-year semi-annual coupon bond? The bond has a coupon rate of 9.5%, a face value of $1000, and a yield-to-maturity of 9.89%. Round your answer to the nearest $0.01. Which of the following options is closest to the fair price?

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