Question

Dunder-Mifflin has $1,000 par bonds with a semi-annual coupon of 5.5% and 8 years to maturity that trade at a yield of 3.15%.
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Answer #1

Given PU - $1000 Pmt 21000X5.54 $27.5 N : 8x22 16 gield (r) = 3.151 Current price of bonds by using exeeds PUz PV (3.154,16,2

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