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Homework answers / question archive / A semi-annual bond has a face value of $1,000, an annual coupon rate of 4

A semi-annual bond has a face value of $1,000, an annual coupon rate of 4

Finance

A semi-annual bond has a face value of $1,000, an annual coupon rate of 4.60%, an yield to maturity of 8.1%, makes 2 (semi-annual) coupon payments per year, and 10 periods to maturity (or 5 years to maturity). Determine the price of this bond.  

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