What is the price of a perpetual bond with a par value

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Reference no: EM13769166

What is the price of a perpetual bond with a par value of $1,000.00 and a coupon rate of 7.25% (semi annual coupon)? The bond has a nominal yield to maturity of 6.90%.

$1,050

$1,097

$1,122

$1,077

$1,063

Reference no: EM13769166

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