What is the price of the bond

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A 5-year bond of Lite Corp has a par value of $1,000. The coupons are paid quarterly. If the bond has an annual interest rate of 8%, and the required rate of return is 10% what is the price of the bond?

Sumitomo issued bonds that pay a 6% coupon interest rate with the par value of $1,000. The bonds mature in 6 years. They are selling for $1,080. What would be your expected rate of return (yield to maturity) if you bought the bonds?

Reference no: EM133069486

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