What is the current price of a $1,000, 8% coupon bond that pays interest semi-annually if the bond matures in eight years and has a yield-to-maturity of 7%? $567.43 $1,030.58 $1,060.47 $1,059.71
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Since the bond pays interest semi-annually and matures in eight years, there will be 8 * 2 = 16 periods. Show more…
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