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Business, 01.03.2021 22:20 avery8626

Assume it's Jan 1st, 2019. You are thinking of buying a Chick-fil-A bond that matures Dec 31st, 2031. The coupon rate for this bond is 8% (paid semi-annually). If the yield-to-maturity on the bond is 8.75%, what is the current price of this bond?

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Assume it's Jan 1st, 2019. You are thinking of buying a Chick-fil-A bond that matures Dec 31st, 2031...
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