A corporate bond issued by GE Capital has 3% coupon rate (paid semi-annually), a face value...

A corporate bond issued by GE Capital has 3% coupon rate (paid semi-annually), a face

value of $1,000, and matures in 3 years. If the bond is priced to yield 2.213% (annualized),

what is the bond's current price?

Expert Solution

jeff jeffy answered 2 years ago

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