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A bond has a coupon rate of 7% and has 5 years until maturity. If the...

A bond has a coupon rate of 7% and has 5 years until maturity. If the current yield to maturity is 5%, what is the price of the bond? What is the amount of the annual interest payment paid to the bondholder?

Solutions

Expert Solution

WE ASSUME HERE THAT IT IS SEMI ANNUAL BOND


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