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What is the price of the bond that is being offered to you

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Question - Suppose you are reviewing a bond that has a 8.5% annual coupon and a face value of $1,000. There are 19 years to maturity, and the yield to maturity is 6%.

What is the price of the bond that is being offered to you?

Bond 1000 1 Calculate the annual coupon

Rate: 0.085 Term: 19 YTM: 6.00%

Price of the bond:

Is the bond being offered at a premium or at a discount? Explain.

Reference no: EM132787875

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