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Consider a coupon bond that has a par value of $1,000 and a coupon rate of 8%. The bond is currently selling for $1,055.78 an

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Answer #1

Face Value = 1000 Coupon = 8 x1000 = 80 OD Present value = 1055.78 Time = 2 years Using financial calculator, fv= 1000 PMT=80

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