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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often ha
Posted: Sun Apr 10, 2022 8:44 am
by answerhappygod
- Even Though Most Corporate Bonds In The United States Make Coupon Payments Semiannually Bonds Issued Elsewhere Often Ha 1 (34.43 KiB) Viewed 24 times
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German
company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 7.7 percent paid annually. If the yield to maturity is 8.8 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Price