A corporate semi-annual interest-paying bond is priced at $950 and has a yield-to-maturity of 2.5%....
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Finance
A corporate semi-annual interest-paying bond is priced at $950 and has a yield-to-maturity of 2.5%. It has a face value of $1000 and matures in 25 years: (4 pts) What is its semi-annual coupon payment? (4 pts) If the bond's market interest rate increases to 3%, what will be the percentage change in the bond's price? (2 pts) What will the bond's price be in 5 years?
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