The annualized nominal yield to maturity

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Reference no: EM131841931

Bennett Enterprises has outstanding a 7.43% coupon bond with a remaining maturity of 21 years. The face value of the bond is $1,000 and coupons are paid semiannually. What is the value (price) of this bond if your required rate of return (the annualized nominal yield to maturity) is 9.68%?

Reference no: EM131841931

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