Consider a bond paying a coupon rate of 9.25% per year semiannually when the market...
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Accounting
Consider a bond paying a coupon rate of 9.25% per year semiannually when the market interest rate is only 3.7% per half-year. The bond has five years until maturity a. Find the bond's price today and six months from now alter the next coupon is paid. b. What is the total rate of return on the bond? Total rate of % per six months
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