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Home / Questions / I PURCHASED A 75% ANNUAL COUPON BOND FOR A CLEAN PRICE OF $980 THE BOND HAS 7 YEARS REMAIN...

I PURCHASED A 75% ANNUAL COUPON BOND FOR A CLEAN PRICE OF $980 THE BOND HAS 7 YEARS REMAINING TO MATURITY TODAY THE YIELD TO MATURITY IS 687% HOW DOES TODAY’S CLEAN PRICE OF THE BOND COMPARE TO

I PURCHASED A 7.5% ANNUAL COUPON BOND FOR A CLEAN PRICE OF $980. THE BOND HAS 7 YEARS REMAINING TO MATURITY, TODAY THE YIELD TO MATURITY IS 6.87% HOW DOES TODAY’S CLEAN PRICE OF THE BOND COMPARE TO THE PURCHASE PRICE EXPRESSED AS A PERCENTAGE (HIGHER OR LOWER)

 

May 02 2020 View more View Less

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