Compute the price of coupon bond

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Question - Compute the price of a $1,000 par value, 12 percent (semi-annual payment) coupon bond with 21 years remaining until maturity assuming that the bond's yield to maturity is 16 percent?

Reference no: EM133177005

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Compute the price of coupon bond : Compute the price of a $1,000 par value, 12 percent (semi-annual payment) coupon bond with 21 years remaining until maturity
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