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What is the bond price

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Reference no: EM132091312

A bond has an annual coupon rate of 4%, a face value of $1,000, a price of $1,000, and matures in 10 years. What is the bond's YTM?

Lomack Company's bonds have a 9-year maturity, a 9% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, with semiannual compounding. What is the bond's price (in $)?

Reference no: EM132091312

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