1. What is the value of a $1,000 par bond with a 5% coupon (paid...
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Finance
1. What is the value of a $1,000 par bond with a 5% coupon (paid semiannually) and 17 years to maturity if its yield is 3.7%? Round to the nearest $0.01, drop the $ symbol.
2. Determine whether the bonds below would sell above, at, or below par value.
a 4% coupon and a 3% yield
above
a 2.75% coupon and a 1.88% yield
below
a 5.125% coupon and a 5.125% yield
at
a 7% coupon and an 11% yield
below
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