financial markets and institutions CLASS

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financial markets and institutions CLASS

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financial markets and institutions CLASS
Financial Markets And Institutions Class 1
Financial Markets And Institutions Class 1 (55.29 KiB) Viewed 39 times
4- You are considering buying a bond that matures in 4 years from today. The par value of the bond is $1000 and the coupon rate is 11%. If the current market interest rate is 8%, what is the bond price today if the coupon is paid annually? (1 mark)
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