What is the price of a 5-year, 7.6% coupon rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar bonds is 7.4%?

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Casey DurganLv2

8 Jun 2019

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A) a ten-year bond with a $2000 face value whose yield to maturity is 5.8% and coupon rate is 5.8% APR paid semiannually

B) a 15-year bond with a $5000 face value whose yield to maturity is 7.4% and coupon rate is 6.2% APR paid annually

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What is the price of a 5-year, 7.6% coupon rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar bonds is 7.4%?

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