A bond has a coupon rate of 10.4 percent and 2 years until maturity. If the yield to maturity is 9.8 percent, what is th...
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A bond has a coupon rate of 10.4 percent and 2 years until maturity. If the yield to maturity is 9.8 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Price of the bond | $ |