In: Finance
General Motors issued a semi-annual coupon bond with a coupon rate of 14% and the yield to maturity of 16%. The bond has a Face Value of $1,000 and matures in 7 years. What will this bond sell for? (Calculate the price of this bond)
$ 577.10 |
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$ 1000 |
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$ 1,108 |
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$ 917.56 |