What is the price of the bond immediately

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a) Suppose that Starbucks Corporation (SBUX) issued a two-year bond with a face value of $1000 and an annual coupon rate of 6%. The yield to maturity on this bond when it was issued was 5%.

i) Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment?

Reference no: EM132516410

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