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What is the amount of the annual coupon payment for a bond that has 6 years until maturity, sells for $1,050, and has a

Posted: Tue Nov 16, 2021 8:35 am
by answerhappygod
What is the amount of the annual coupon payment for a bond that
has 6 years until maturity, sells for $1,050, and has a yield to
maturity of 9.37%? A. $98.64 B. $95.27 C. $101.38 D. $104.97 Please
solve using Bond pricing formula and do it step by step