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A 10-year bond has a coupon rate of 6.4% and pays coupons semi-annually.  If the required return is 6.69%, how much should you be willing to pay for the bond today?  Round to 2 decimal places.  Include a dollar sign ($) or percent (%) as appropriate. NOTE: All bonds have a par value of $1000 that is paid at maturity. Answer:

A 10-year bond has a coupon rate of 6.4% and pays coupons semi-annually.  If the required return is 6.69%, how much should you be willing to pay for the bond today?  Round to 2 decimal places.  Include a dollar sign ($) or percent (%) as appropriate. NOTE: All bonds have a par value of $1000 that is paid at maturity. Answer:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 16P
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A 10-year bond has a coupon rate of 6.4% and pays coupons semi-annually.  If the required return is 6.69%, how much should you be willing to pay for the bond today?  Round to 2 decimal places.  Include a dollar sign ($) or percent (%) as appropriate. NOTE: All bonds have a par value of $1000 that is paid at maturity.

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