melodyhj18 melodyhj18

05-06-2023
Mathematics

contestada

ABC Inc. recently issued $1,000 par bonds at a 4.05% coupon rate. If the bonds have 30 years to maturity and a YTM of 15.84%, what is the current price of the bond? Assume semi-annual compounding.

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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