MaKhiIQ9051 MaKhiIQ9051

15-04-2024
Business

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A 14-year semi-annual coupon bond has a face value of $500,000 and coupon rate of 7.4 percent. The price of the bond is $491,050. If the yield to maturity of this bond does not change during the life of the bond, what will its price be five years from today?

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