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You have a bond with a 5% coupon, 10 years to maturity and a Yield to...

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Finance

You have a bond with a 5% coupon, 10 years to maturity and aYield to Maturity of 4.75%. What is the dollar value of thebond?

Answer & Explanation Solved by verified expert
3.5 Ratings (586 Votes)
Dollar Value of the Bond The Price of the Bond is the Present Value of the Coupon Payments plus the Present Value of the face Value Face Value of the bond 1000 Annual    See Answer
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Transcribed Image Text

You have a bond with a 5% coupon, 10 years to maturity and aYield to Maturity of 4.75%. What is the dollar value of thebond?

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