Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often ha

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answerhappygod
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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often ha

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Even though most corporate bonds in the United States makecoupon payments semiannually, bonds issued elsewhere often haveannual coupon payments. Suppose a German company issues a bond witha par value of €1,000, 10 years to maturity, and a coupon rate of7.2 percent paid annually. If the YTM is 9.2 percent, what is thecurrent bond price in euros?
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