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What is the quoted price of a bond with 5 years to maturity, a coupon rate...

What is the quoted price of a bond with 5 years to maturity, a coupon rate of 8%, and a YTM of 7.5%?

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Expert Solution

Calculating Price of Bond,

Using TVM Calculation,

PV = [FV = 1,000, PMT = 80, N = 5, I = 0.075]

PV = $1,020.23

Quoted Price = 102.023

jeff jeffy answered 2 years ago
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