What is the nominal amount of the bond

Reference no: EM133270033

Assignment:

A coupon bond with a maturity of 7 years pays an annual coupon of SEK 2,800 and is priced at SEK 49,258 according to an annual interest rate of 3.25%. What is the nominal amount of the bond? Round your answer to the nearest whole number e.g. 15803.

Reference no: EM133270033

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